Commentary | 24 March 2006

A case for reform

The international economic architecture is overdue for renovation. Product of a simpler, post-war world, it faces the challenge of adapting to a new century characterised by emerging middle-class economies, new regional alliances, and crumbling ruins in once great superpowers. Stephen Grenville, a Visiting Fellow at the Lowy Institute, and Greg Maughan, a former Commonwealth Treasury official, write that reform of the International Monetary Fund needs to focus on the technical functions the Fund should perform. 

Stephen Grenville , Greg Maughan

  • Stephen Grenville
  • Greg Maughan

The international economic architecture is overdue for renovation. Product of a simpler, post-war world, it faces the challenge of adapting to a new century characterised by emerging middle-class economies, new regional alliances, and crumbling ruins in once great superpowers. Stephen Grenville, a Visiting Fellow at the Lowy Institute, and Greg Maughan, a former Commonwealth Treasury official, write that reform of the International Monetary Fund needs to focus on the technical functions the Fund should perform. 

Stephen Grenville , Greg Maughan

  • Stephen Grenville
  • Greg Maughan