Democratizing the International Monetary Fund and the World Bank
Governance and Accountability
Bibliographic Data
| ID | 6264261 |
|---|---|
| Authors | Joseph E Stiglitz (0000-0001-6149-046X, Columbia University, corresponding author) |
| Year | 2003 |
| Volume | 16 |
| Issue | 1 |
| Pages | 111-139 |
| Publication date | 2003-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Governance (JOURNAL) |
| Journal identifiers | ISSN: 0952-1895 • E-ISSN: 1468-0491 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1468-0491.00207 |
| OpenAlex | W2131483193 |
| Language | EN |
| Citations received | 36 |
| References cited | 18 |
Much has been said about the failing policies of the International Monetary Fund (IMF). In this essay, I attempt to explain why the IMF has pursued policies that in many cases not only failed to promote the stated objectives of enhancing growth and stability, but were probably counterproductive and even flew in the face of a considerable body of theoretical and empirical work that suggested these poilcies would be counterproductive. I argue that the root of the problem lies in the IMF's system of governance. Thereafter, I discuss how the World Bank managed to reform its agenda in order to fulfill its goals of poverty reduction more successfully, and what lessons this reform holds for the IMF. I conclude by proposing needed reforms for the IMF that might mitigate some of the problems it has encountered in the past.1
Accountability · Corporate governance · Economic growth · Economic policy · Economics · Face (sociological concept · Financial system · Good governance · Order (exchange · Political economy · Political science · Poverty · Poverty reduction · Sociology · Work (physics · Economic Theory and Policy · Global Financial Crisis and Policies · International Development and Aid · Law · Finance
Responsabilidade De Estados E Organizações Internacionais Em Operações De Financiamento De Projetos Governamentais
A very thin line separates the donor's role as an active agent in the development process from his complementary role. Particularly in the case of budget support, donors seem to be progressively retreating from their monitoring tasks by appealing to the a
Secrets in Global Governance
The Best of Both Worlds or the Worst of Both Worlds? Multilateral Development Banks, Immunities and Accountability to Rights-Holders
Crude power
The Migration-Development Nexus
Redes e participação social em campos políticos da cooperação internacional
Emergence of multilateral proto-institutions in global health and new approaches to governance
How has the global food governance system evolved, and what challenges does it currently pose for food systems transformation? A narrative review and synthesis of the literature
The W ashington Consensus and Social Policy
Filling the gap? An analysis of non-governmental organizations responses to participation and representation deficits in global climate governance
Trickle-down gender at the International Monetary Fund
Explaining a new foreign aid recipient
Legitimacy and efficiency
Trade liberalization and the challenges of revenue mobilization
The legitimation of EMU
Perceptions of communications sector regulatory performance in the East Asia and Pacific region
How transparency and accountability matter in regulating the Taiwan Water Supply Corporation
Governance mechanisms and regulation in the utilities
Protecting Power
Legitimacy and institutional change in international organisations
Country profile
The IMF and Experimentalist Governance in Small Western States
Enhancing the Legitimacy and Accountability of Prosecutorial Discretion at the International Criminal Court
Hip Hop's Organic Pedagogues
Bad governance
Monitoring Macroeconomic Imbalances
Democratization, International Knowledge Institutions, and Global Governance
Deliberative Democracy and International Labor Standards
Biased bureaucrats and the policies of international organizations
Social Accountability Audits
Sport without referees? The power of the International Olympic Committee and the social politics of accountability
Why do institutions matter? Global competitiveness and the politics of policies in Latin America
The Covid-19 pandemic, the Sustainable Development Goals on health and education and "least developed countries" such as Nepal
Anti-bribery and Corruption Policies in International Sports Governing Bodies
Quotas Operandi
The Other Crisis
World Development Report 2000/2001
World Development Report 2002
World Development Report 1997
Has Globalization Gone Too Far?
Inflation crises and long-run growth
Trade Policy and Economic Growth
Assessing aid
Has Globalization Gone Too Far
Tenure Issues in Higher Education
On the Need for an International Lender of Last Resort
Refocusing the IMF
| Unique citing works | 36 |
|---|---|
| Citations per year | 1,57 |
| Citation span | 2003 - 2026 (24) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 35 |