Economic Development and the Tyranny of Experts
Author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor; Professor of Economics, New York University
Senior Fellow and Director of the Civil Society, Markets, and Democracy Initiative; Director of the Women and Foreign Policy Program; Council on Foreign Relations
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that while new collective action clauses are a step forward in dealing with sovereign debt crises, countries must work to change old debt that lacks the clauses to the new standard as quickly as possible.
The OECD’s approach to bringing in emerging powers as “key partners” is a smart way to remain relevant in a quickly shifting global landscape, argue Stewart Patrick and Naomi Egel. Other multilateral organizations should pay attention.