Program
Global Order and Institutions
Carnegie Working Group on Reimagining Global Economic Governance

Many of the long-standing assumptions, principles, rules, norms, and institutions that structure the global economy are being called into question and reconsidered. Citizens and governments of the world are seeking greater autonomy and flexibility to advance nationally defined preferences, and many, particularly among the global majority, argue that existing frameworks of global economic governance are no longer fit for purpose, representative of today’s world, or capable of addressing pressing challenges.  

The Carnegie Working Group on Reimagining Global Economic Governance convenes thought leaders and policymakers from around the world to foster a new narrative for global economic governance and generate tangible policy reforms to usher in the post-neoliberal era. Through in-person and virtual conferences, with a special focus on North-South dialogue, as well as the publication of research and the production of policy proposals, the project aims to generate a new approach to political economy.

Working Group on Reimagining Global Economic Governance

May 2023 Concept Document

The purpose of this initiative is to engage thought leaders from all regions in a candid, ongoing conversation on the institutions that should govern the international political economy in an era defined by two powerful if somewhat contradictory impulses. The first is a growing determination by many states and publics to pull back from—and regain control over—globalization, to better advance their domestically defined preferences, ranging from industrial policies to national security goals, social welfare aims, and ecological objectives (among others). The second is a swelling call to update existing or create entirely new multilateral frameworks to increase the voice and weight of developing nations and to better address development needs and unprecedented cross-border challenges like climate change, pandemic disease, and financial instability, including through the provision of global public goods.

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