Bretton Woods II
Jeffrey Sachs, Columbia University | October 21, 2008
Developing countries are cut off from global prosperity; climate change has decreased the world food supply; and energy shortages often promote environmentally damaging solutions. ++ A Bretton Woods II summit is needed. ++ First, the IMF should have global regulatory financial control; a global tax on carbon emissions can counter human induced climate change; the World Bank should help poor countries achieve the millennium development goals; finally, the global trade agenda should incorporate environmental and energy concerns.
