José Antonio Ocampo – författare

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequate preventive mechanisms, as well as insufficient instruments to finance countries in crisis and to overcome their over-indebtedness. Resetting the International Monetary (Non)System provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century and proposes a comprehensive yet evolutionary reform of the system.Criticising the ad hoc framework- a "(non)system"- that has evolved following the breakdown of the Bretton Woods arrangement in the early 1970's, Resetting the International Monetary (Non)System places a special focus on the asymmetries that emerging and developing countries face, analysing the controversial management of crises by the International Monetary Fund and proposing a consistent set of reform proposals to design a better system of international monetary cooperation. Policy orientated and structured to deal in a sequential way with the issues involved, it suggests provision of international liquidity through a system that mixes the multicurrency arrangement with a more active use of the IMF's Special Drawing Rights; stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management and freedom to manage capital flows; additional automatic balance-of-payments financing facilities and the complementary use of swap and regional arrangements; a multilateral sovereign debt workout mechanism; and major reforms of the system's governance.

This edited volume documents the intellectual influence of the United Nations Department of Economic and Social Affairs (UN-DESA) through its flagship publication, the World Economic and Social Survey (WESS) on its 70th Anniversary. First published in 1948, as World Economic Report, WESS is the oldest continuous post-World War II publication recording and analysing the performance of the global economy and social development trends. It offers relevant policy recommendations and highlights how well the United Nation's (UN) annual report has tracked global economic and social conditions, and how its analyses influenced and were influenced by the prevailing development discourse during the past seven decades. It also critically reflects on its policy recommendations and their influence on actual policy-making and the shaping of the world economy. The World Economy through the Lens of the United Nations reflects on this report, amongst others, to provide valuable insights on global economic challenges and their differential impacts on different groups of countries requiring global policy coordination as well as context specific policy responses. It demonstrates that UN reports have often been ahead of the curve and played a critical role in policy debate, especially in the area of international policy coordination and coherence for balanced global development, and offers rich and path-breaking analyses of contemporary problems of growth, development, trade and stabilization.