Jean Pisani-Ferry discusses the development of globalisation during the last decade and the challenges ahead. The speed and magnitude of the transformation affecting the world economy are larger than initially envisaged, while domestic policy reforms and redistribution have often been...

The high point of global governance was reached in the mid-1990s around the creation of the World Trade Organisation. It was hoped that globalisation would be buttressed by a system of global rules and a network of specialised global institutions. Two decades later these hopes have been dashed...

Two decades after the high point of global governance in the mid-1990s, hopes that globalisation would be buttressed by a system of global rules and a network of specialised global institutions have been dashed by a series of setbacks. This retreat from multilateralism can be attributed in part...