11. A Financial Architecture for Middle-Class-Oriented Development
- Author:
- Walter Russell Mead and Sherle R. Schwenninger
- Publication Date:
- 10-2000
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- The Case For Middle-Class-Oriented Development International financial architecture works best when it serves social goals that command widespread support and legitimacy. Without neglecting the more conventional goal of allowing the greatest possible global flow of capital with the least risk of financial crisis, the primary goal of international financial reform, for both economic and political reasons, ought to be to promote middle-class-oriented development around the world.
- Topic:
- Development, Economics, Government, and International Trade and Finance
- Political Geography:
- United States