In this episode of Global Stage, Kellogg Faculty Fellow Ricky Clark discusses his new book "Cooperative Complexity: The Next Level of Global Economic Governance," which explores how international financial institutions have developed new forms of collaboration to address global challenges. In conversation with Kellogg doctoral affiliate William Kakenmaster, Clark examines how institutional overlap drives competition among international financial institutions, the emergence of cooperation between these institutions in recent decades, and the downstream consequences of such cooperation for institutional efficacy. Clark explains the distinction between political and economic efficiency in co-financing, highlights his mixed-methods research design, and reflects on how these institutions learn from one another and respond to global crises.