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The Governance Structures of the Bretton Woods Financial Institutions

A Case of "Beggar-Thy-Neighbour"

  • Ahmed Naciri

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

About this book

Introduction

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. 

Keywords

finance financial institutions development economic reform Bretton Woods Institutions financial markets multilateral financial institutions

Authors and affiliations

  • Ahmed Naciri
    • 1
  1. 1.University of Quebec at MontrealMontrealCanada

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-97906-9
  • Copyright Information The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-97905-2
  • Online ISBN 978-3-319-97906-9
  • Series Print ISSN 2191-5504
  • Series Online ISSN 2191-5512
  • Buy this book on publisher's site
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