The western hegemony of the past two hundred years is ending as power shifts towards the east and as western states lose the authority to uphold a rules-based multilateral order. In the wake of the Great Crash of 2008 the G20 leaders took steps to bolster the multilateral order, including reform...

This essay examines the efforts of the World Bank to translate the rising economic weight of some developing countries into a larger voice in the governance of the organization. In a speech in April 2010, World Bank president Robert Zoellick argued that the advent of “a new, fast-evolving...

This article argues that the current G20 is unsustainable and should be replaced by a new body on a firmer constitutional foundation. It presents two designs, one of them a reformed version of the G20, the other a reformed version of the Bretton Woods (World Bank and IMF) governance arrangement....

Few non-western countries have reached the general prosperity of Western Europe and North America in the past two centuries. The core-periphery structure of the world economy created in the early decades of the Industrial Revolution has proved robust, even after seven decades of self-conscious...

The UN Conference on Trade and Development (UNCTAD) has a long history of intellectual independence. This article details how Western countries tried to marginalise the organisation and its work - which is often critical of Western powers - during the 2012 UNCTAD conference. While developing...