News and views from the Blavatnik School of Government community 
Although China and the US are strategic rivals, each depends on global markets, finance and innovation, and needs to co-opt other countries and regions in order to sustain its own power. For this reason, both will use multilateralism, formal and informal, to protect the system within which they have flourished […]
The crisis of contemporary democracy has become a major subject of political science in recent years. Despite this, the symptoms of this crisis – the vote for Brexit and Trump, among others – were not foreseen. Nor were the underlying causes of this new constellation of politics. Focusing on the […]
Deepening interdependence, due in part to the success of the postwar order, has contributed to an anti-global backlash across the world. Beyond Gridlock (Polity Press, 2017), seeks pathways of change through the gridlock. Can we manage the globalised world we have created? Every day seems to bring new evidence to the […]
The past three weeks have given the world a stunning role reversal in global governance. The United States, the world’s long-time leader in forging international cooperation, has begun to express a unilateralist creed, striking fear into the hearts of many countries worldwide. And China, long reticent about multilateralism, has committed […]
The United Nations is seeking a new secretary-general. The World Bank presidency is up for grabs. The World Health Organization needs a new head. The same goes for several other international organisations. At a time when conflicts of interest among the United States and its allies, together with the rise […]
Last week, Christine Lagarde, the International Monetary Fund’s managing director, warned that if countries do not act together, the global economy could be derailed. Likewise, the OECD has warned that countries must move “urgently” and “collectively” to boost global growth prospects. Yet the G-20 finance ministers and central-bank governors to whom these entreaties were directed […]
The World Bank is quietly sliding into insignificance, as its core fee-paying clients increasingly seek other lenders. If it is to survive, its management will need to streamline its loan approval processes and leverage the unique assets that distinguish it from its competitors. The Bank once comfortably earned enough to […]
Over the last few decades, the International Monetary Fund has learned six important lessons about how to manage government debt crises. In its response to the crisis in Greece, however, each of these lessons has been ignored. The Fund’s participation in the effort to rescue the eurozone may have raised […]