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Five Steps to Bolster the Global Economy

By experts and staff

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  • Stewart M. Patrick
    James H. Binger Senior Fellow in Global Governance and Director of the International Institutions and Global Governance Program
A screenshot of the Global Governance Monitor: Finance, available at cfr.org/financemonitor.

The 2007-2009 economic crisis, followed by the sovereign debt traumas in Europe, has triggered a variety of operational and institutional challenges in both global finance and economics.

With the French Riviera town of Cannes busy preparing to host leaders from around the world at Thursday’s Group of Twenty summit (G20), CFR’s International Institutions and Global Governance program is releasing the annual update to the Global Governance Monitor: Finance. This multimedia interactive tracks and analyzes multilateral efforts to manage global finance, spur economic growth, and prevent future meltdowns of the international financial system.

The package includes options for strengthening the regime in its issue brief, which outlines five actions the United States and other major economies should take in the near term. Following are a few highlights from these policy recommendations.