Challenging the dominant view that the global financial crisis had little effect on global financial governance and developmental finance, the talk will explore the significant, though gradual and uneven, innovations in global financial governance and developmental finance induced by the crisis. Inspired by Albert Hirschman, Ilene Grabel will argue that meaningful change often emerges from disconnected, experimental and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. This calls for a move toward a more complex, fragmented, and pluripolar direction in international financial governance, driven in large part by democratic initiatives from below.
Ilene Grabel is Distinguished University Professor and co-director of the MA program in Global Finance, Trade, and Economic Integration at the Josef Korbel School of International Studies of the University of Denver (USA). She is presently serving as a standing member of the Intergovernmental Expert Group on Financing for Development at the United Nations Conference on Trade and Development (UNCTAD). Her new book When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence (MIT Press, 2017) has been awarded the 2018 British International Studies Association International Political Economy Book Prize, the 2019 International Studies Association International Political Economy Section Best Book Prize and the 2019 European Association for Evolutionary Political Economy Myrdal Prize.
Paul Ladd, Director of UNRISD
Shalini Randeria, Professor, Department of Anthropology and Sociology and Director of Albert Hirschman Centre on Democracy, Graduate Institute Geneva.
This public lecture is organised in partnership by the Albert Hirschman Centre on Democracy and UNRISD