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Battles Over The Geos' Character, Control, And Reach

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Chapter Summary

This chapter examines the last four of the eight "clusters" of criticisms directed at the global economic organizations (GEOs). The first four "clusters" focuses mainly on issues of "policies and operations". By contrast, the four "clusters" of criticisms covered in the chapter are the "character, control, and reach" criticisms that raise institutional and governance issues. They include (1) the transparency (or opaqueness) of the GEOs, (2) the degree of accountability (if any) that the GEOs have in respect of "outsiders", (3) the faithfulness of the GEOs to their governing charters, and (4) the fairness of their governance structures in general. When we are looking at the International Monetary Fund (IMF), the "secrecy and opaqueness" complaint does not pack much punch; but when we are looking at the multilateral development banks (MDBs) and the World Trade Organization (WTO), the complaint does in fact make sense.

Keywords:global economic organizations (GEOs); International Monetary Fund (IMF); multilateral development banks (MDBs); World Trade Organization (WTO)



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