Books
Bertrand Badré

Can Finance Save the World

A hugely important book [with] a compelling vision for ethical global finance that makes current political debates seem petty and thoughtless” (Lawrence H. Summers, former U.S. Treasury Secretary).
According to Bertrand Badré, finance is neither inherently good nor bad. It's just a tool—the most powerful tool on earth.. In Can Finance Save the World?, he describes innovative approaches and financial tools that can help us address many of the world's biggest problems, ranging from climate change to the eradication of poverty to building much-needed infrastructure. Badré details options for creating positive financial regulation and for strengthening international cooperation. He also explains what is working and what needs to change in financing the sustainable development of the world.
This book is rich with practical examples, some developed by Badré himself. For instance, he describes how at the World Bank he devised an innovative way to use insurance, a financial tool rarely considered in international development, to buttress fragile emerging economies against natural disasters and pandemics. Initiatives like these show that, as Badré writes, “when controlled and used intelligently, with benevolence and inventiveness, finance can accomplish great things.”
331 printed pages
Original publication
2018
Publication year
2018
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Quotes

  • gustavo chiodihas quoted4 years ago
    The Millennium Development Goals were still focused on public action, public influence, and public methods. That would change at the UN conference in Monterrey, Mexico, in 2002, but cooperation wasn’t yet thought of as truly multidimensional, spanning businesses, financial institutions, and civil society.
  • gustavo chiodihas quoted4 years ago
    achieve them we need to shift the financial paradigm and mobilize the different kinds of finance and actors that are required. This is what I have called “the billions to trillions” roadmap: the needs are in the trillions, but public aid is in the billions. How we bridge this gap is key
  • gustavo chiodihas quoted4 years ago
    Working together by its very nature will require a resetting of incentives and drivers of actions at every level, not just in how our financial institutions are regulated or through the reform of international organizations.
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