National governments need to make way for international authorities to play a greater role in governance, particularly when it comes to finance and trade, says Kenneth Rogoff, a Harvard University professor and former chief economist at the International Monetary Fund.
"We probably need to strike a different balance between roles for national authorities, with international authorities taking more of a role," Prof. Rogoff said in an interview with the Financial Post at a recent governance conference held at the Centre for International Governance Innovation in Kitchener-Waterloo, Ont.
He said the financial sector was a prime example where global governance was needed, with...
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