President Joe Biden has proclaimed a break with the economic orthodoxy of recent decades in favor of what he calls “Bidenomics.” But how real is Biden’s break with neoliberalism?
Daniela Gabor is professor of economics and macrofinance at UWE Bristol. She is writing a book on money in the age of financial globalization.
The US-dominated economic order constructed after Bretton Woods did not take the Global South into consideration. A new, just system will have to change that.
International financial institutions and G20 countries have constructed a partnership to benefit private finance at the expense of the citizens in poor countries. We need a radically different development model.
Despite nearly destroying the global economy in 2008, the shadow banking revolution marches on.