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In his report on Our Common Agenda (UN 2021), the United Nations Secretary-General proposed to establish a High-Level Advisory Board (HLAB) tasked with identifying needed governance improvements and proposing options for how these improvements could be realized. The HLAB will soon start its deliberations. Thus, now is the time to reflect on to-date experience with addressing challenges of a global public goods-type and to extract lessons about how to do better in the future. At present, we are confronted by a lengthening list of underprovided global public goods and, as a result, a rising number of serious global risks and crises of potentially irreversible catastrophic consequences.


Author: Inge Kaul
Roundtable: International Financial Architecture
Year: 2022