In 1944, 44 nations came together to create a set of economic reforms designed to promote economic stability and a lasting peace. Almost 80 years later, this order has given way to a runaway financial sector that has destabilized the world economy with repeated financial crises and asset bubbles, and increasing hazards created by climate change.

In this episode, Kevin Gallagher of Boston University’s Global Development Policy Center and Richard Kozul-Wright of the United Nations Conference on Trade and Development discuss their new book, The Case for a New Bretton Woods, which lays the groundwork for moving the global economy away from ever-increasing levels of financialization and instability to one that promotes global prosperity and a stable climate.

You can find their book here: https://www.wiley.com/en-us/The+Case+for+a+New+Bretton+Woods-p-9781509546541

You can find additional commentary on this episode and other issues of the day by signing up for YDHTY’s email newsletter here: www.ydhty.com/news

The Financial System, Income Inequality, and Climate Change: The Case for a New Bretton Woods | Kevin Gallagher & Richard Kozul-Wright 43:37 Share

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The Financial System, Income Inequality, and Climate Change: The Case for a New Bretton Woods | Kevin Gallagher & Richard Kozul-Wright