Policy brief

Reshaping the global economy

Publishing date
31 March 2009

Jean Pisani-Ferry and Indhira Santos observe that the crisis and the national responses to it have started to reshape the global economy. But beyond the specifics of shock transmission, the crisis has also exposed that, in spite of regional integration and the emergence of new economic powers, the global economy lacks resilience. The authors explain how they believe the international community could build a stronger and more legitimate globalised governance out of the crisis.

About the authors

  • Jean Pisani-Ferry

    Jean Pisani-Ferry is a Senior Fellow at Bruegel, the European think tank, and a Non-Resident Senior Fellow at the Peterson Institute (Washington DC). He is also a professor of economics with Sciences Po (Paris).

    He sits on the supervisory board of the French Caisse des Dépôts and serves as non-executive chair of I4CE, the French institute for climate economics.

    Pisani-Ferry served from 2013 to 2016 as Commissioner-General of France Stratégie, the ideas lab of the French government. In 2017, he contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. He was from 2005 to 2013 the Founding Director of Bruegel, the Brussels-based economic think tank that he had contributed to create. Beforehand, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000), and Director of CEPII, the French institute for international economics (1992-1997).

    Pisani-Ferry has taught at University Paris-Dauphine, École Polytechnique, École Centrale and the Free University of Brussels. His publications include numerous books and articles on economic policy and European policy issues. He has also been an active contributor to public debates with regular columns in Le Monde and for Project Syndicate.

  • Indhira Santos

    Indhira Santos was Research Fellow at Bruegel in June 2007 until July 2009, when she left to join the World Bank. She holds a PhD in Public Policy from the Kennedy School of Government at Harvard University with a specialisation in economic development and public economics.

    She was born and raised in the Dominican Republic where she studied economics as an undergraduate. She was Chief Researcher at the Economic research center of PUCMM University and worked for the Ministry of Finance. She has also worked for the central Bank of Turkey.

    Indhira's research interests are development microeconomics, public economics and organisational analysis.

    She coordinated Bruegel‘s project on the EU budget.

    She is fluent in Spanish and English.

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