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Global governance versus national government policies

Given the scale of today's challenges, there's no choice but to cooperate internationally and strengthen institutions and frameworks such as IMF, EU and G-20.

Countries have undoubtedly become more economically and socially interdependent. Disparate tax rules among different countries have resulted in close to a zero-sum game for national governments, which are forced to pursue beggar-thy-neighbour policies to secure a bigger slice of a shrinking pie.


CAN global governance solve most of our economic problems? Or does it too often promise more than it can deliver, and divert attention from more practical reforms that national governments should implement? In a recent commentary, Harvard University economist Dani Rodrik...

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