Understanding Global   
Development Challenges

Governance and geopolitics in development

There is growing debate around the future of international development institutions and the consequences for multilateralism. The current governance of the historically most important international economic institutions, primarily the IMF and the World Bank (but also most of the regional economic institutions) is still rooted into the Bretton Woods Agreements of 1947.

A major, albeit insufficient, shift proposed in 2010 for the IMF governance is yet to be ratified by the major shareholder. For several years, most of the new key players in the world economy have been complaining about this painful state of the art, soliciting a governance reform. These efforts, aiming at changing the IMF from within, seem to have produced little results so far. However, in the last couple of years a new approach seems to be emerging, based on a sort of “substitution strategy”, i.e. envisaging the development of a new set of global institutions, in clear competition, despite the formal statement, with the old Bretton Woods arrangements.

Research in this area will be critical to ensuring successful outcomes from this debate.

About Us

The Italian Center for International Development (ICID)

The Italian Center for International Development (ICID), hosted by CEIS University of Rome Tor Vergata, is an entity that involves Centers and Departments of four Italy based public universities:

The Centre’s mission is to promote a better understanding of development challenges in an increasingly globalized world, through an inter-disciplinary approach.

ICID’s design and composition provide it with a unique capacity for state-of-the-art research addressing the many interconnected development issues facing today’s globalized world.

 

Download our brochure to find more information about ICID. 

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