In September 2011 IIEP launched a new signature initiative on global economic governance that will examine the role and evolving shape of international economic institutions in the 21st century. This initiative, made possible by the generous financial support of an anonymous donor, will build on existing IIEP research strengths and leverage its unparalleled location in the heart of international economic policy making in Washington DC. IIEP is emerging as one of the leading centers focused on economic governance in the increasingly integrated world economy.
This initiative reflects the need to rethink the role of organizations such as the International Monetary Fund, the World Bank, and the World Trade Organization, all of which trace their roots back to the immediate post-World War II period. The international economy is dramatically different now with the spread of globalization and the rise of emerging economies particularly China, India, and Brazil. These changes, among others, have led to calls for reform, and even fundamental rethinking, of the role of these institutions. Possible changes include: an increased role for emerging market countries in IMF decision-making; increased regulation of international financial markets; and a diminished role for the WTO as nations embrace regional and bilateral trade agreements and new trade institutions emerge.
IIEP already has an established record of research on these issues since its founding in 2007. IIEP has partnered with both the IMF and the World Bank for research conferences and its relationship with these and other organizations such as the WTO and Inter-American Development Bank are active and growing.
This new initiative will consolidate and strengthen these efforts through academic research, policy forums and full-day conferences.
This initiative has 5 main streams of work:
- Internet Governance and Digital Trade Issues
- Project on Trade and Internet Governance (TAIG)
- Stream of Work to Make Trade Policy More Trusted, Transparent, and Accountable
- U.S. Trade Policy
- Digital Education in the Internet Age