GLOBAL COOPERATION: AN UPHILL BATTLE

Bretton Woods to Brexit

Harold James

The global economic cooperation that has held sway since the end of World War II is challenged by new political forces

False Profits

Michael Keen

Avoidance by multinationals and competition between governments are forcing a rethink of the international tax system

Readhead on transfer pricing

Safe and Sound

Tobias Adrian and Aditya Narain

International financial regulators help ensure the safety and soundness of diverse financial systems

The Terror-Crime Nexus

Douglas Farah

How international groups of criminals and militants team up to move money around the world

Path to Influence

Eswar Prasad

China employs a multipronged approach to enhance its role in setting the global economic and political agenda

Prasad on the curious rise of the renminbi

Banking on Change

Tommaso Mancini Griffoli

New technologies promise to reshape the financial services industry

Oviosu on Nigerian banking technology

Murck on financial services

ALSO IN THIS ISSUE

Health in a Time of Austerity

Ramanan Laxminarayan and Ian Parry

When public budgets cannot grow, targeted taxes and subsidies can help improve a population’s well-being

Risk and Complexity

Ian Goldin and Chris Kutarna

Global integration and new technology mean rapid progress—but also higher risk

Goldin on disruptive changes

Invest in Women and Prosper

David E. Bloom, Michael Kuhn, and Klaus Prettner

Investments in women’s health and education boost economic development

Delahanty on gender budgets

Creating Markets

Morten Lykke Lauridsen and Florian Mölders

Developing new markets is essential to increasing private investment and achieving the UN Sustainable Development Goals

Editor's Letter

Global Cooperation—An Uphill Battle

This issue of F&D looks at what is arguably the clearest challenge the world faces: how to address complex global problems amid growing skepticism about the benefits of multilateralism and continued global integration.

Acknowledgements

Saying Goodbye

Farewell to Marina Primorac and James L. Rowe, Jr.

Picture This

Labor’s Losses

Maria Jovanović

Workers are taking home a smaller slice of the pie

Evans on labor market

In the Trenches

Champion of Inclusion

Benno Ndulu discusses why more people should have access to financial services

Ndulu on financial inclusion

Currency Notes

Seductive Bill

Eszter Balázs

The recently redesigned €50 note is Europe’s most commonly used denomination

Five facts about the new €50

Book Reviews

Give Work: Reversing Poverty One Job at a Time, Leila Janah

From Global to Local: The Making of Things and the End of Globalisation, Finbarr Livesey