South Centre Paper, August 2009

The Role of the United Nations in Global Economic Governance

Global economic policy issues are often addressed by specialized multilateral agencies in a fragmented, incoherent and inconsistent manner and often with failures in relation to certain areas of global policy – particularly in trade and finance – that have broader implications for the multilateral system as a whole. This systemic flaw can be best addressed by re-establishing the United Nations as the appropriate fora for discussing issues and coordinating coherent global actions related to the international economic and financial sytem and architecture from a broad development perspective.

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