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Integration of the global economy has outpaced the ability of international institutions to address key market failures—inequality, volatility, and inadequate provision of global public goods—undermining the prospects for inclusive and sustainable growth.
In this speech delivered to the UN General Assembly, Nancy Birdsall argues that in the absence of an activist global political entity to address these issues, as national governments attempt to do within sovereign states, the growing number of people who are coming to regard themselves as global citizens should press their own governments to adopt policies that address these problems, domestically and internationally.