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LSE Global Economic Governance Commission


The LSE Global Economic Governance Commission is a forum for debating and redesigning global economic governance.

COVID-19 has presented the world with a new Bretton Woods moment. It has exposed the fragilities of the global monetary order and the dislocations in the global trading system. With economic damages rising and tax revenues falling, it has presented a new crisis for global development and demonstrated the overdue need for global tax coordination. As states have struggled to band together to overcome their shared challenges, it has made clear the difficult road ahead for the global climate agenda.

To steer the much-needed transformation of the rules, practices, and institutions of the global economy, The London School of Economics and Political Science and LSE IDEAS have convened the LSE Global Economic Governance Commission. The Commission brings together leading academics and policymakers around five core domains of global economic governance: monetary policy, trade policy, development policy, tax policy, and climate policy.

The Commission hosts public and closed-door panels, lectures, and workshops on all matters relating to global economic governance. Event details are announced online by LSE and LSE IDEAS.

Commissioners

Minouche Shafik

Baroness Minouche Shafik, Director of The London School of Economics and Political Science

Nemat (Minouche) Shafik is a leading economist, whose career has straddled public policy and academia. She was appointed Director of the LSE in September 2017. Minouche served as the Permanent Secretary of the Department for International Development from 2008-2011, Deputy Managing Director of the International Monetary Fund from 2011-2014 and as Deputy Governor of the Bank of England from 2014-2017.

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Professor Chris Alden, Director of LSE IDEAS

Professor Chris Alden teaches International Relations at The London School of Economics and Political Science (LSE) and is Director of LSE IDEAS. He is a Research Associate with South African Institute of International Affairs (SAIIA).

Nicholas Stern

Professor Lord Nicholas Stern, IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute

Professor Stern is the IG Patel Professor of Economics and Government, Chairman of the Grantham Research Institute on Climate Change and the Environment and Head of the India Observatory at The London School of Economics and Political Science. President of the British Academy, July 2013 – 2017, and was elected Fellow of the Royal Society in 2014.

Andres Velasco

Professor Andrés Velasco, Dean of School of Public Policy, LSE

Andrés Velasco is the Dean of the School of Public Policy at The London School of Economics and Political Science. In 2017-18 he was a member of the G20 Eminent Persons Group. During 2015-16 he co-chaired the Global Panel on the Future of the Multilateral Lending Institutions. Mr Velasco was a presidential candidate in Chile in 2013. He also was the Minister of Finance of Chile between March 2006 and March 2010.

Margaret MacMillan

Professor Margaret MacMillan, Engelsberg Chair at LSE IDEAS

Margaret MacMillan is Emeritus Professor of International History at the University of Oxford and former Warden of St Antony’s College, University of Oxford. She specializes in the history of the British Empire and the international history of the 19th and 20th centuries. Margaret was appointed LSE IDEAS Engelsberg Chair in History and International Affairs in September 2021.

Danny Quah

Professor Danny Quah, Dean of Lee Kuan Yew School of Public Policy, National University of Singapore

Danny Quah is Li Ka Shing Professor in Economics and Dean at NUS’s LKY School of Public Policy. His research is on economic growth and development, income distribution, and globalization, with current focus on inequality and social immobility within nations, and on Great Power politics and world order across economies. Quah is a member of LSE IDEAS Advisory Board, and was founding director of the LSE Saw Swee Hock Southeast Asia Centre, from when he was Professor of Economics and International Development at LSE.

Dani Rodrik

Professor Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard University

Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is an economist whose research revolves around globalization, economic growth and development, and political economy. His current work focuses on how to create more inclusive economies, in developed and developing societies.

Joseph Stiglitz

Professor Joseph Stiglitz, University Professor at Columbia University

Joseph E. Stiglitz is University Professor at Columbia University. He is the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the US President’s Council of Economic Advisers. 

Jayati Ghosh

Professor Jayati Ghosh, Professor of Economics, University of Massachusetts Amherst

Jayati Ghosh is Professor of Economics at the University of Massachusetts Amherst. Her research interests include globalisation, international trade and finance, employment patterns, macroeconomic policy, gender issues, poverty and inequality. She was the Chairperson of the Andhra Pradesh Commission on Farmers’ Welfare in 2004, and Member of the National Knowledge Commission reporting to the Prime Minister of India (2005-09). 

Keyu Jin

Dr Keyu Jin, Associate Professor of Economics, The London School of Economics and Political Science

Dr. Keyu Jin is an Associate Professor of Economics at LSE. Her research is on international economics - such as why capital flows from poor to rich countries, how the global implications of U.S. monetary and fiscal policies have changed; as well as on how the rise of China impacts the global economy, from several perspectives - trade, capital flows, global interest rates and saving, demographics, productivity and technology.

Ngaire Woods

Professor Ngaire Woods, Dean of the Blavatnik School of Government, University of Oxford

Professor Ngaire Woods is the founding Dean of the Blavatnik School of Government and Professor of Global Economic Governance at Oxford University. Her research focuses on how to enhance the governance of organisations, the challenges of globalisation, global development, and the role of international institutions and global economic governance. 

Gabriel Zucman

Professor Gabriel Zucman, Associate Professor of Economics at the University of California, Berkley

Gabriel Zucman is the Director of the James M. and Cathleen D. Stone Center on Wealth and Income Inequality at the University of California at Berkeley. He received his PhD in 2013 from the Paris School of Economics and taught at LSE before joining the Berkeley faculty in 2015. His research focuses on the accumulation, distribution, and taxation of global wealth and analyses the macro-distributional implications of globalization. 

Vera Songwe

Dr Vera Songwe, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa

Vera Songwe is the United Nations Under-Secretary-General and the 9th serving Executive Secretary of the Economic Commission for Africa (ECA). Songwe’s organisation reforms, focusing on “ideas for a prosperous Africa”, have brought to the fore critical issues of macroeconomic stability; development finance, growth and private sector; poverty and inequality; the digital transformation and data; and trade and competitiveness. 

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Nikhil Kalyanpur is an Assistant Professor in LSE’s International Relations Department. He researches issues at the intersection of international political economy, business-government relations, law, and global governance. More specifically, he analyses how the proliferation of global rules and legal forums can serve as a channel for economic protection and a mechanism to target political competition. His work is published in a number of leading academic journals including the European Journal of International Relations, International Organization, and Perspectives on Politics.

 

Publications

The World in Polycrisis: a New Agenda for Global Economic Governance

The Commission’s first monthly interim report briefly summarizes the findings of our first evidence session, “The World in Polycrisis”. The report outlines the Commissioners’ effort to identify the main challenges faced by the current global economic order and to take stock of the state of multilateral politics and how it must change to successfully meet these challenges. 

Read the report

Events

A New Bretton Woods: the International System in Historical Perspective
Online public event, 5 to 6.30 pm BST, Tuesday 31 May

Drawing lessons from the history of global governance and global economic governance, the discussion will cover everything from integrating a rising power (i.e. China) into an existing and ill-fitting international system, how to account for and reverse the shortcomings of international organisations throughout the Global South, how to manage a global economy at war, how to establish a peaceful and durable post-war settlement, and more.

Click here for more information and to register for the event.

 

Recordings from past events:

Weaponising The Global Economy
Tuesday 3 May

What are sanctions achieving? Are they working? What do they mean for the future of the global economy? Join the discussion between Nikhil Kalyanpur, Abraham L. Newman, LSE Director Baroness Minouche Shafik, and Rachel Ziemba.

Click here to access the recordings of this webinar.

The Quest for Global Economic Leadership: a conversation on the United States and China
Thursday 7 April 2022

In each crisis the world faces – whether the war in Ukraine or COVID-19, the rise of sanctions or surging energy prices – we find ourselves asking what this means for the US, for China, and for the future of global leadership. Catch up on this conversation between Dr Fred Bergsten and Professor Keyu Jin, moderated by Lutfey Siddiqi.

Click here to access the recordings of this webinar.

The World in Polycrisis: a new agenda for global economic governance
Thursday 31 March 2022

LSE Director Baroness Minouche Shafik is joined by LSE IDEAS Director Chris Alden, Grantham Research Institute Chair Lord Nick Stern, and Professor Keyu Jin to discuss some of the global economy’s most pressing problems and map out a new agenda for global economic governance.

Click here to access the recordings of this webinar.

Team

Stephen Paduano is Executive Director of the LSE Global Economic Governance Commission.

Dominik Leusder is Research Director of the LSE Global Economic Governance Commission.

Julia Ryng is Project Manager of the LSE Global Economic Governance Commission.

Adam Shaw is Deputy Director of the LSE Global Economic Governance Commission.

 

 

 

 

Twitter

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Contact us

Address

LSE IDEAS, Floor 9, Pankhurst House, 1 Clement's Inn, London, WC2A 2AZ