This paper examines the governance problems in the monetary system and global trade and regulation. It then explores whether issues have arisen because the US has given up its dominant role, and if so how these might be rectified.
Acknowledgments
The author would like to thank the staff at Chatham House who helped to conceive and supported this research paper, including Bernice Lee, Sarah Okoye and Roxanne Bildan. He would also like to express appreciation for attendees at a Chatham House seminar to discuss the paper, and in particular the formal reviewers, Jim Rollo and Alan Wheatley.