#world-bank

#world-bank

The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.

The post-World War II rules-based system of global governance, which the United States played a key role in fashioning, is crumbling before our eyes, said Eswar Prasad, a former China director of the I.M.F.