Retooling Global Development and Governance

Retooling Global Development and Governance provides a whole new set of ideas how to overcome the deficiencies in the ongoing process of globalization and in the existing mechanisms for global economic governance. The authors do not pretend to offer a blueprint but aims instead at presenting ideas that could become the basis for a new, coherent "toolbox" designed to guide development policies and international cooperation.The book points out promising directions for reform, including strengthening government capacities for formulating and implementing national development strategies; doing more to ensure that official development assistance is aligned with national priorities; strengthening the international trade and financial systems so that countries with limited capabilities can successfully integrate into the global economy; creating new mechanisms for dealing with deficiencies, such as specialized multilateral frameworks through which to govern international migration and labour mobility, international financial regulation, multinational corporations and global value chains regulation, as well as sovereign debt workouts. Most importantly, the book highlights the need for a strong mechanism for global economic coordination which establishes coherence across all areas of global economic governance.

Rob Vos is Director of the Development Policy and Analysis Division (DPAD), Department of Economic and Social Affairs of the United Nations (UN/DESA), and Affiliated Professor of Finance and Development, Erasmus University, Rotterdam.

Manual F. Montes is Chief of Branch of the Development Policy and Analysis Division (DPAD), Department of Economic and Social Affairs of the United Nations (UN/DESA).

Introduction: Retooling Global Development; Rob Vos and Manuel Montes

Retooling Poverty reduction Strategies: Towards a new Consensus?; S. Nazrul Islam

Towards a new Aid Architecture; Alex Julca, Manuel Montes and Rob Vos

Retooling Global Trade; Mariangela Lacourt-Parra, Manuel Montes and Rob Vos

Reforming the International Financial Architecture; Shari Spiegel and Manuel Montes

A feasible Globalization; Manuel Montes and Rob Vos