Screen LibraryThe governance structures of the Bretton Woods Financial Institutions : a case of "Beggar-Thy-Neighbour" /
This book uses institutional data to examine and analyze the current governance structures of Multilateral Financial Institutions (MFIs) with the ultimate goal of reforming MFI governance models to be more responsive to the needs of developing countries. Founded in the post-World War II era, MFIs, c...
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| Main Authors: | |
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| Published: |
Springer,
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| Publisher Address: | Cham, Switzerland : |
| Publication Dates: | [2018] |
| Literature type: | Book |
| Language: | English |
| Series: |
SpringerBriefs in economics. 2191-5504 |
| Subjects: | |
| Summary: |
This book uses institutional data to examine and analyze the current governance structures of Multilateral Financial Institutions (MFIs) with the ultimate goal of reforming MFI governance models to be more responsive to the needs of developing countries. Founded in the post-World War II era, MFIs, collectively known as the Bretton Woods Financial Institutions (BWFIs), were created to promote global economic development and financial stability. This book argues, however, that the governance structures and policies of the MFIs have been biased in favour of developed country members, excluding less economically advanced countries from decision-making processes and perpetuating the economic status quo. Considering the inability of MFIs to adequately respond to the financial needs of developing countries, the book raises an alternative proposal for BWFI reform, based on the following criteria: (i) encouraging development incentives, (ii) favouring development learning through knowledge transfer and easing its appropriation by developing countries, and (iii) guiding and facilitating access to private international financial markets. Combining historical economic analysis with policy recommendations for the future, this book will be of particular interest to students and researchers of development economics, governance, and MFIs, as well as practitioners working with the institutions studied.-- |
| Carrier Form: | xxi, 184 pages : illustrations (some color) ; 24 cm. |
| Bibliography: | Includes bibliographical references (pages 177-184). |
| ISBN: |
9783319979052 3319979051 |
| Index Number: | HC60 |
| CLC: | F114.4 |
| Call Number: | F114.4/N124 |
| Contents: |
Intro; Preface; Contents; Abbreviations; List of Figures; List of Tables; List of Appendixes; Chapter 1: Overview: Historical Development of International Financial Institutions, Development Assistance and Conceptual Issues; Historical Establishment of the Bretton Woods Financial Institutions and Development Assistance; Conceptual Issues; Main Argumentative Principle of the Book; Structure of the Book and Chapter Summaries; Conclusion; Chapter 2: Poor and Developing Environment; Characteristics of Developing Countries; Historical Evolution of Poverty and Underdevelopment. The Colonial Legacy, a Major Historical Impediment to DevelopmentModern Impediments to Development; Portrait of a Typical Developing Country; Conclusion; Chapter 3: Bretton Woods Institutions Within the International Financial Architecture for Development; Bretton Woods Financial Institutions (BWFI); The Operating and Business Model of the International Monetary Fund (IMF); The World Bank Group, WBG; International Bank for Reconstruction and Development (IBRD); The International Development Association (IDA); International Finance Corporation (IFC). Multilateral Investment Guarantee Agency (MIGA)The International Center for Settlement of Investment Dispute (ICSID); World Bank Trust Fund; The Bretton Woods Institutions Financial Models and the Multiplicative Factor; The International Monetary Fund, IMF Financial Model; World Bank Group, WBG Financial Model; The International Bank for Reconstruction and Development (IBRD); International Development Agency (IDA); International Finance Corporation, IFC; Multilateral Investment Guarantee Agency (MIGA); Summary of the World Bank Group Development Assistance; Conclusion. Chapter 4: Governance of Bretton Woods Financial InstitutionsThe Issue of Bretton Woods Governance; The IMF Current Governance Structure; Voting Power at the IMF; The Governance Structure of the World Bank Group; Voting Powers at the WBG; The BWFI-OECD Connection; Calls for Reform at the Governance of the Bretton Woods Institutions; Conclusion; Chapter 5: Regional Development Banks Within the International Financial Architecture for Development; Introduction to Regional Development Banks (RDBs); Lending Windows and Development Assistance of RDBs; Overview of RDBs' Resources. Regional Development Banks of Group One (RDBs # 1)Inter-American Development Bank (IaDB); The African Development Bank (AfDB); Asian Development Bank (AsDB); European Bank for Reconstruction and Development (EBRD); Regional Development Banks of Group Two (RDBs # 2); The European Investment Bank (EIB); The Caribbean Development Bank (CDB); The Islamic Development Bank (IsDB); The Asian Infrastructure Investment Bank (AIIB); The New Development Bank (NDB); The Corporación Andina de Fomento (CAF); The Central American Bank for Economic Integration (CABEI); Council of Europe Development Bank, CEB. |