Skip to main content

The German Marshall Fund of the United States

  • Who we are
    • Programs
      • Alliance for Securing Democracy
      • Asia Program
      • Balkan Trust for Democracy
      • Black Sea Trust for Regional Cooperation
      • Congressional Affairs
      • Europe Program
      • Fund for Belarus Democracy
      • Future of Geopolitics
      • GMF Cities
      • GMF Digital
      • Leadership Programs
      • Mediterranean Program
      • Security and Defense
    • Offices
      • Ankara
      • Belgrade
      • Berlin
      • Brussels
      • Bucharest
      • Paris
      • Warsaw
      • Washington, DC
    • About Us
    • Marshall Plan
    • Our Partners
  • Experts
  • Events
    Mar
    5
    Upcoming Event

    Changes in U.S. and EU Cyber Policy: Cooperation, Convergence, or Competition?

    March 5, 2021 | 10:30AM to 11:30AM EST
    • Major Conferences & Forums
      GMF brings together hundreds of policymakers, elected officials, academics, and business leaders from around the world to discuss topics from energy to migration, economics to security, urban growth to diplomacy.
    All Events →
  • Our Work
    • Topics
      • America
      • Asia
      • Europe
      • Cities and Regions
      • Security
      • Trade and Economies
      • All Topics
    • Research
      • Publications
      • Transatlantic Takes
    • Perspectives
      • Audio
      • Video
      • Blog post
      • In The News
  • Stay Informed
Policy Brief

Fixing the Global Economy: Why a Better Future Requires International Cooperation

December 3, 2008

Richard Salt

Amid talk of a new "Bretton Woods," leaders of advanced and emerging economies met for the first time in November 2008 to discuss the global financial crisis. The crisis has clearly demonstrated the potential weaknesses of the existing financial and regulatory architecture. Capital crosses borders instantaneously and virtually seamlessly, but it is national bodies that are tasked with ensuring the financial system's stability. International cooperation is required. The solution lies in better coordination between national supervisors and a strengthening of existing international institutions-not a global regulator. The challenges are not easy and as the crisis is slowly resolved, the political pressure to work internationally may lessen over time. However, this is an argument for sustaining momentum-not an argument against trying. The effort of European leaders to invoke the spirit of Bretton Woods is not a bad place to start.

Download

Download PDF

Explore:

Trade and Economies
Strengthening Transatlantic Cooperation

Our Organization

  • About GMF
  • Career Opportunities
  • Our Partners
  • Press Room
  • Support Our Work
  • Core Values

Our Work

  • Leadership
  • Policy
  • Civil Society
  • Research & Analysis

Our Experts

  • Find an Expert

Follow

  • RSS
  • Twitter
  • Facebook
  • Flickr
  • YouTube
  • Instagram
  • Diversity Statement
  • Privacy Policy
  • Credits

Stay Informed

Don’t miss out on the latest from GMF. Sign up to receive emailed newsletters, announcements, and event notifications.

Subscribe