Rohinton P. Medhora | |
---|---|
Alma mater | University of Toronto |
Organization | Centre for International Governance Innovation (CIGI) |
Title | Distinguished Fellow, CIGI Former president, CIGI (2012 to 2022) |
Rohinton P. Medhora is a Canadian economist. His fields of expertise are monetary and trade policy, international economic relations, and development economics. He is a Centre for International Governance Innovation (CIGI) distinguished fellow, former president of CIGI and professor of practice at McGill University's Institute for the Study of International Development.
Medhora earned his B.A. and M.A. at the University of Toronto, where he majored in economics,[1] followed by a doctorate in economics in 1988 from the same university.[1] His doctoral thesis is titled Assessing the costs and benefits of membership in the West African Monetary Union, 1976-84. He subsequently taught at the University of Toronto for a number of years.[2]
Medhora is currently a professor of practice at McGill University's Institute for the Study of International Development and a distinguished fellow at CIGI where he previously served as president from May 2012 to August 2022. He also served on CIGI's former International Board of Governors from 2009 to 2014.[1] Previously, he was vice president of programs at Canada’s International Development Research Centre (IDRC).[1]
Medhora is chair of the Board for the Institute for New Economic Thinking,[3] vice-chair at the McLuhan Foundation[1] board member of Partnership for Economic Policy[4] and the Global Centre for Pluralism.[5] He is on the advisory boards for the WTO Chairs Programme,[6] UNU-MERIT[7] and Global Health Centre. He sits on the Commission on Global Economic Transformation,[8] co-chaired by Nobel economics laureates Michael Spence and Joseph Stiglitz,[9] and previously sat on The Lancet and the Financial Times Commission on Governing Health Futures 2030,[10] From 2021 to 2022, Rohinton chaired the Ontario Workplace Recovery Advisory Committee.[11]
He has produced several books: Finance and Competitiveness in Developing Countries (2001, Routledge) and Financial Reform in Developing Countries (1998, Macmillan), which he co-edited with José Fanelli. In 2013, he was co-editor of Canada-Africa Relations: Looking Back, Looking Ahead (2013, McGill Queens university Press), which is volume 27 in the Canada Among Nations book series. In 2014, he co-edited International Development: Ideas, Experience, and Prospects (2014, Oxford University Press) and Crisis and Reform: Canada and the International Financial System (2014, McGill-Queen's University Press), which is volume 28 in the Canada Among Nations book series.
Early in his career, Medhora’s work focused on development economics.[12] During his time at IDRC, Medhora focused particularly on development finance. He argued that policy makers should avoid “cookie cutter” approaches to economic policy in developing economies. In other words, what works for one country – be it developed or otherwise – may not work in other contexts.[13] His major publications in this area are:
Medhora argues that strong multilateral institutions are important for effective global governance. He points to institutions like the G20, the IMF and the WTO as examples of institutions that have the potential to make positive contributions to global well being.[26] He also identifies trade negotiations as a potential forum for multilateral global governance, and argues that trade agreements have the potential to be mechanisms for addressing diverse challenges.[27] In this field, his publications include:
Medhora has argued that, in an economy increasingly driven by intangible assets, public policy should be oriented towards promoting the production of intellectual property.[35] Along with promoting innovation, he argues that international governance frameworks are needed in order to ensure artificial intelligence and big data are deployed ethically.[36] To address the challenges and opportunities of the new economy, Medhora has call for a “Bretton Woods moment” in which international consensus is formed around the principle that the technology-fuelled economy should serve the global good.[37] His major publications in this area are :