Gallagher and Kozul-Wright Argue for Global Economic Reform
Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University and Director of BU’s Global Development Policy Center (GDP Center), published an op-ed in Al Jazeera arguing for the revival of the international economic architecture.
Galagher co-authored the article, titled “The global economic system is in dire need of an overhaul,” with Richard Kozul-Wright, Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development. Their piece echoes arguments laid out in their latest book, The Case for a New Bretton Woods.
In the article, Gallagher and Kozul-Wright argue that the world must rebound from the economic fallout caused by COVID-19 by implementing sweeping reforms to how global money, finance, and trade are governed. Among their proposals are the reformation of the International Monetary Fund (IMF), implementation of policies at the World Trade Organization that accelerate trade and investment in low-carbon economic activity, and restructuring of sovereign debt in order to meet United Nations Sustainable Development Goals.
The full article can be read on Al Jazeera‘s website.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.