IMF paper suggests solutions to collective action problems
Paper optimistic that countries can nudge others towards cooperation
Countries that currently struggle to cooperate on cross-border issues as diverse as managing pandemics and preventing financial crises can be nudged in the right direction, according to an IMF working paper published on October 24.
In Global Risks and Collective Action Failures: What Can the International Community Do?, author İnci Ötker-Robe suggests a process of "realigning incentives" and displaying the progress from "incremental steps" as ways to help countries overcome their short-term view
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