Global

Policy Innovation Memorandum No. 48

Designing a Global Coalition of Medicines Regulators

Authors: Stewart M. Patrick and Jeffrey Wright

The marketplace for medicines is highly fragmented and globalized, posing acute public health threats. Stewart Patrick and Jeffrey Wright assert that a global coalition of medicines regulators, designed with distinct features in mind, would better ensure the safety and integrity of our medicines.

See more in Global; Pharmaceuticals and Vaccines; Health Policy and Initiatives

Op-Ed

The Myth of Bretton Woods

Author: Benn Steil
Wall Street Journal

Benn Steil's op-ed in the Wall Street Journal debunks the popular notion that the famous 1944 Bretton Woods agreements—establishing the IMF, the World Bank, and a dollar-based fixed exchange-rate system—were important in reviving global trade and growth after World War II. In fact, dependence on bilateral trade and inconvertible currencies was greater in the early postwar years than it was in the 1930s. The Marshall Plan and the creation of the GATT were, he argues, far more powerful instances of effective, enlightened, and enduring internationalism emerging from the war.

See more in Global; Economics