Instability has become global and systemic. Strengthening international institutions and arrangements would reduce the threat of crises and allow those that do occur to be better managed. These proposals take the developing world into account.

Jomo Kwame Sundaram is assistant secretary general for economic development at the United Nations and research coordinator for the G24 Intergovernmental Group on International Monetary Affairs and Development. In 2007 he was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. --Book Jacket.

Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the "global financial architecture." Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.

There is now considerable unanimity that international organizations such as the United Nations, the World Trade Organization (WTO), Bretton Woods Institutions and the international economic architecture need to be reformed in order to achieve greater democratic governance to tackle the myriad of challenges facing the world. Written by leading members of the international community under the auspices of the World Forum of Civil Society Networks - UBUNTU, this book provides a diverse and rich resource on all aspects of the reform of international organizations. The book introduces the reader to the main organizations of the international multilateral system, presents proposals for reform and provides an analysis of the political action required to achieve global democratic governance.

Papers presented at a conference in London in May 1999.