Geneva, 11 Nov (Chakravarthi Raghavan and Riaz K. Tayob) -- The present turmoil in global financial markets is an opportunity to broaden the range of possibilities for overhaul of the global finance architecture and a rethinking of the neoliberal "globalization model", according to Prof. Robert Wade, reputed academic and Professor of Political Economy at the London School of Economics.
The report is being released in advance of two summits, where rich country governments are widely expected to use the cost of their financial sector bailouts as an excuse to backtrack on global aid and climate finance commitments.
