The global financial crisis makes the case for governing markets

The crisis that led to Paul Wolfowitz's forced resignation from the World Bank raises the longer-term question of the bank's domination by the United States

What are the real trends of global economic growth, and how widely are the benefits of global trade shared? A close look at the evidence casts doubt on conventional optimism, writes Robert Wade.

The United States rigs the international economic system to its own advantage, argues the distinguished international economist Robert Hunter Wade.

The evidence strongly suggests that global income inequality has risen in the last twenty years. The standards of measuring this change, and the reasons for it, are contested – but the trend is clear. The ‘champagne glass’ effect implies that advocacy of globalisation is not enough: international organisations need to move beyond integration into the world economy as the primary goal of policy.