Brookings and Centre for Global Governance Innovation (CIGI) hosted a governance seminar where Colin Bradford, Nonresident Senior Fellow at Brookings and CIGI, explained that his paper, “A Vision for the Future IMF and the Nature of Power within It,” explores the concept of soft power reform within the IMF. He argued that the Fund’s member countries can actively enhance their role within the institution by means of soft power reform while also reestablishing the role of the IMF as the leading global financial institution.
More about the Brookings-CIGI Global Governance Seminar Series
The Brookings-CIGI global governance seminar series features discussion of critical governance issues with Washington-based officials from industrial countries and emerging market economies, particularly representatives from the International Monetary Fund and World Bank delegations, embassies and leading think tank experts. The seminar series began in 2005 and discussions are considered off-the-record. Each seminar is jointly hosted by Brookings and the Centre for Global Governance Innovation (CIGI) based in Waterloo, Canada.
“The 21st century has revalued these small geographies. That’s what the 21st century demands,” Katz said, noting that these days, “[w]e aren’t innovating in isolated business parks” in the suburbs.
"Instead of stopping trade, modernize the trade agreements, but also provide safety nets for workers. Because these things are going to keep happening, not only because of trade but because of modernization."