Member Views

Gerald Gallagher

This week we welcome new member Gerald Gallagher, COO and general counsel at NATION.

Gerald has years of experience working for investment and other financial startups.

We appreciate his support for our work and mission, and we look forward to his engagement!

Germany’s Chaired G7 Summit Is A Watershed Opportunity For Leading Democracies To Capitalize On Teetering Authoritarian Economies

When German Chancellor Olaf Scholz convenes the 48th summit of the other leaders of the G7 nations on the grounds of Schloss Elmau castle in the Bavarian Alps late next month, the political economy environment in which the globe’s leading industrialized democracies find themselves is startling different from the previous G7 summit, chaired by the U.K. just 12 months ago.

Germany’s debt brake isn’t working

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran and his recent article in the Atlantic Council titled "Germany's debt break isn't working."

According to the article - "Germany’s coalition government was dealt a fiscal crisis when the country’s Constitutional Court in Karlsruhe ruled on November 15 that repurposing €60 billion of unspent money from the pandemic emergency support facility to the Climate and Transformation Fund (CTF) was unconstitutional."

Global Bridges: Change Flows of People and Trade

The mission of Global Bridges is to go beyond the news and connect listeners from around the world with stories from people who are “on the ground” reporting about economic recovery and global business. Sharing perspectives of life and economic development, as we recover from the global pandemic, enables us to build “global bridges” across countries. We cover topics including public health, economy and work, education, travel, and society.

Global Economy in 2023, Outlook for 2024

2023 has recently concluded — leaving behind economic behavior of households and companies that have adapted to the highest nominal financing costs since the early 2000s.  

Global food crisis demands urgent Western response

Russian President Vladimir Putin’s invasion of Ukraine shocked the world, forced Western countries to respond, and is driving up the cost of energy and food across the globe. High prices in the United States may spell electoral disaster for President Joe Biden’s administration in November’s congressional elections. However, the most urgent economic, social, and human crises are unfolding in poorer countries where populations face war, spillover-driven inflation, and more expensive foreign-currency debt.

Global platforms to tackle global environmental challenges

One of the key themes in the COP28 conference in Dubai held this year is the creation of new mechanisms and platforms for financing environmental projects to counter climate change. Thus far it has mostly been about ad hoc efforts of countries to produce additional funds and contributions to the environmental cause.

Global Policy Makers: The Macro View

The Foreign Policy Association hosted Bill Rhodes and Paul Sheard for a discussion of the impact of Covid-19 on the world economy.

Goldman Sachs’s Chief Economist Has Nailed Big Calls. Here’s His Next One.

The BWC is delighted to Member Spotlight our organizational member Goldman Sachs, in the latest Wall Street Journal article titled "Goldman Sachs’s Chief Economist Has Nailed Big Calls. Here’s His Next One." The insightful commentary includes a number of references to BWC Chair Bill Dudley.

Good and Bad Debt

"I believe the time is ripe for a re-evaluation of borrowing strategies by Caribbean governments," writes DeLisle Worrell, BWC member and former governor of the Central Bank of Barbados, in Good and Bad Debt, this month's issue of his newsletter.