GEG aims to forge a new policy agenda on the regulation and reform of global finance. Governing Finance engages financial regulators, policy-makers, Finance Ministers, scholars, and commentators to identify how global financial cooperation can better meet the most urgent needs and priorities of people in developing countries.
As regulators across the world consider how to constrain and regulate global banking, an equally important question is being neglected. What forms of global finance best serve global growth and development? This question is being probed by the Globalization and Finance Project, a Ford Foundation-sponsored joint initiative of GEG and the Blavatnik School of Government.
The Globalization and Finance project focuses on ways to effectively regulate the global financial system, and explores the link between global finance and investment for development. Trade finance and mechanisms which allocate investment to areas where it can be most productive are vital elements of a global financial system which supports growth and development. Yet these elements of global finance are being neglected in the contemporary international debate about regulation. Too few people are asking what types of global banking and finance best support the real economy in developing countries.
This five-year research project examined the role of developing countries in the proliferation of government networks, and the implications for these countries of the shift to a networked world order. Visit the Networks of Influence page for more information about the project and its publications.
Just as our project on The Politics of Global Regulation was nearing its conclusion, a global financial crisis erupted. As the fallout of crisis unfolds, governments are compiling long lists of measures they pledge to implement for a better global financial regulatory system. The Politics of Global Regulation, edited by Ngaire Woods and Walter Mattli (Princeton University Press, 2009) analyses global regulation across several different areas, from human rights to global finance. It highlights the pre-requisites for ensuring effective global rule-making, monitoring and enforcement, and the conditions under which regulatory capture is likely to occur when regulation has a global dimension.
The need to increase accountability is frequently invoked in discussions of governance reform of international financial institutions (IFIs). This project analysed the accountability architecture of the Bank and Fund, identifying gaps between evaluation processes and the implementation of measures drawn from evaluation. The findings of this project were published in a special issue of Global Governance and a series of GEG working papers. To read more, visit Pathways Through Financial Crisis.
We’ve collected GEG’s resources on managing financial crisis in one easy-to-access place. While rich countries focus on their domestic economies, GEG highlights the impact of the crisis on development. We examine the view from developing countries, and make recommendations for global leaders seeking to manage the crisis. Plus we link to the best analysis on the web. Read more on GEG’s Global Financial Crisis Resouces page.
