iPlayer Radio What's New?
Image for Whatever Happened to Global Governance?

Listen now 38 mins

Listen in pop-out player

Last on

Sun 31 Aug 2014 17:00 BBC Radio 4

Duration:
38 minutes
First broadcast:
Tuesday 26 August 2014

The way that countries cooperate with each other is changing, and in surprising ways. The old powers - the United States, Britain, Europe - used to hold the reins of how global issues were dealt with. Professor Ngaire Woods examines how a new playing field is emerging where newcomers - such as Brazil, Russia, India and China - are creating their own solutions.

Is old-style global governance fragmenting? In 1944, Bretton Woods, New Hampshire, was the birthplace of the familiar international organisations that keep countries talking to each other. The International Monetary Fund and World Bank were created, followed by the United Nations and what went on to be the World Trade Organisation (WTO). They were a huge achievement - but 70 years on, are they fit for purpose?

The world's smaller economies, such as in Africa, used to have to go cap in hand to Washington DC for answers. Now they have many other options. Professor Woods speaks to former chief economists of the World Bank, Joseph Stiglitz and Justin Yifu Lin, and former WTO director, Pascal Lamy, to find out why.

So as the old system fragments, how will the world solve its big issues, such as poverty, climate change, immigration and pandemics? And how will Britain negotiate this new terrain?

Producer: Dominic Byrne
A Blakeway production for BBC Radio 4.

Broadcasts

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss