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Unfortunately, many of the solutions on offer are either too timid or demand too much of a global leadership that is in short supply.The conundrum of global reform is that the proposals that go far enough, such as establishing a global financial regulator, are wildly unrealistic, while those that are realistic, such as reform of the IMF, fall far short of what is needed.
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The column offers some hints about what I have in mind, but those who are curious about the details will have to show up at LSE on Tuesday.
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