WIDER Annual Lecture 14
Reforming the International Monetary System
The unsettling years since 2007 have shown how unfit for the purpose the current international monetary and financial system is. On 9 December 2010, Professor José Antonio Ocampo delivered the 14th WIDER Annual Lecture at the UN headquarters in New York, formulating global recommendations for a serious overhaul of the struggling international system. During the lecture he approached the reform agenda from the perspective of developing countries—elaborating that global governance must design a system that not only provides the global public goods necessary to guarantee macroeconomic financial stability and balanced growth but, crucially, one that also corrects the many asymmetries that developing countries face under the current dysfunctional architecture.The 14th WIDER Annual Lecture was given by Professor José Antonio Ocampo in New York on 9th December 2010, under the title ‘Reforming the International Monetary System’.