International Policy Rules and National Inequalities: Implications for Global Economic Governance is a new project of the Columbia Global Policy Initiative led by Professors José Antonio Ocampo and Eric Helleiner.
Rising national income and wealth inequalities are two of the dominant adverse trends that the world has experienced over the past three to four decades. Since this coincides with consolidation of the “second globalization,” an obvious question to ask is to what extent the rules that formally or informally govern the global economy—or the lack of them—are basic determinants of these trends. This implies putting together two brands of ongoing research and debates—those that relate to global rules and growing national inequalities—to analyze the interactions between the two and draw lessons of how global governance arrangements must be reformed to counteract these trends. The project aims to enhance the understanding of this issue and the associated global debate by creating a Task Force in the tradition of the Initiative for Policy Dialogue at Columbia University. The Task Force will have three specific outputs: a major conference involving the relevant multilateral institutions, a volume collecting the papers prepared for the project, and a stand-alone policy report that summarizes the major conclusions of the project and that will be widely disseminated among policymakers. Thus far, the project has convened two conferences—one on capital flows and a second on new paths for development. The project will organize two additional conferences in winter 2016.
Funding from the Ford Foundation and the Columbia Global Policy Initiative