L. Randall Wray - Financial Governance for Innovation and Social Inclusion
Channel: Rethinking the State
Date: 2013-12-10

Randall Wray (University of Missouri-Kansas City and Levy Institute) argued that, to reform the financial system, we must understand its nature today, the nature of the global financial crisis, the nature of the crisis response, and - most importantly - what a financial system ought to do. We then formulate a reform to ensure that the financial system serves a public purpose, that it can be managed, and that it can be rescued when it - inevitably - faces crisis again.

The workshop on Financial Governance for Innovation and Social Inclusion brought together international economists working on issues related to "Reorienting Financial Reform" and "Re-shaping Financial Institutions for Innovation and Development" - under the Reforming Global Financial Governance initiative of the Ford Foundation. 

On Day 1, the workshop kicked off with a policy dialogue in UK House of Commons (Parliament), hosted by Shadow Business Minister Chi Onwurah MP and attended by parliamentarians, policy-makers, civil society organisations and the media. The discussion considered how financial governance for innovation and social inclusion is a key policy priority in order to make sure that innovation is not only smart, but also inclusive and sustainable.

More info at: http://financeinnovationsocialinclusion.com