Reforming the International Monetary Fund   Why its Legitimacy is at Stake

Torres, Hector

doi:10.1093/jiel/jgm015

Cited by 18 publications

(6 citation statements)

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“…The exemplary work in this regard is Zweifel's () study laying out a number of external normative criteria and determining whether these were met by 11 IOs. A similar approach was adopted by studies assessing the legitimacy of individual IOs like the European Union (EU; Majone ; Moravcsik ), the World Trade Organization (Elsig ), or the International Monetary Fund (Torres ). However, what is largely missing are empirical analyses that examine how states or citizens perceive the legitimacy of IOs (the exceptions are Caldeira and Gibson ; Johnson ; Nullmeier, Bigeon, Nonhoff, Schmidtke, and Schneider ).…”

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confidence: 99%

The Legitimacy of the UN Security Council: Evidence from Recent General Assembly Debates

2014

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Existing research on the legitimacy of the UN Security Council is conceptual or theoretical, for the most part, as scholars tend to make legitimacy assessments with reference to objective standards. Whether UN member states perceive the Security Council as legitimate or illegitimate has yet to be investigated systematically; nor do we know whether states care primarily about the Council's compliance with its legal mandate, its procedures, or its effectiveness. To address this gap, our article analyzes evaluative statements made by states in UN General Assembly debates on the Security Council, for the period 1991–2009. In making such statements, states confer legitimacy on the Council or withhold legitimacy from it. We conclude the following: First, the Security Council suffers from a legitimacy deficit because negative evaluations of the Council by UN member states far outweigh positive ones. Nevertheless, the Council does not find itself in an intractable legitimacy crisis because it still enjoys a rudimentary degree of legitimacy. Second, the Council's legitimacy deficit results primarily from states' concerns regarding the body's procedural shortcomings. Misgivings as regards shortcomings in performance rank second. Whether or not the Council complies with its legal mandate has failed to attract much attention at all.

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confidence: 99%

The Legitimacy of the UN Security Council: Evidence from Recent General Assembly Debates

2014

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“…(Pogge 2010;Wenar 2008), and policies favoring multinational corporate immunity. 32 We also need to reform the rules by which global institutions operate through unequal governance structures, to enhance the voice of the members most burdened by development and inequality challenges and most affected by institutional policies (Torres 2010).…”

Section: A Paradigm Shift For Addressing Inequalitymentioning

confidence: 99%

Globalization, Inequality & International Economic Law

García

2017

Religions

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International law in general, and international economic law in particular, to the extent that either has focused on the issue of inequality, has done so in terms of inequality between states. Largely overlooked has been the topic of inequality within states and how international law has influenced that reality. From the perspective of international economic law, the inequality issue is closely entwined with the topics of colonialism and post-colonialism, the proper meaning of development, and globalization. While international economic law has undoubtedly contributed to the rise of inequality, it is now vital that the subject of international economic law be examined for how it may contribute to the lessening of inequality. To do so will require a shift in the way that we think, in order to address inequality as a problem of an emerging global market society, and how best to regulate that society and its institutions.

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“…During the same period, major economies in East Asia began to explore institutional alternatives by entering into currency swap arrangements that operate with only modest input from the IMF. The institution came to be described as obsolete, adrift, groping for a mission, and sliding into deserved irrelevance (Griesgraber, 2009;Seabrooke, 2007;Torres, 2007). Then the financial meltdown of 2007-2008 restored the perceived need for the IMF and its crisis management role (Broome, 2010).…”

Section: Application Of Representation Principlesmentioning

confidence: 99%

Representation and Governance in International Organizations

Rapkin

Strand

Trevathan

2016

PaG

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What does representation mean when applied to international organizations? While many scholars working on normative questions related to global governance often make use of the concept of representation, few have addressed specifics of applying the concept to the rules and practices by which IOs operate. This article examines representation as a fundamental, albeit often neglected, norm of governance which, if perceived to be deficient or unfair, can interfere with other components of governance, as well as with performance of an organization's core tasks by undermining legitimacy. We argue that the concept of representation has been neglected in the ongoing debates about good governance and democratic deficits within IOs. We aim to correct this by drawing on insights from normative political theory considerations of representation. The article then applies theoretical aspects of representation to the governance of the International Monetary Fund. We determine that subjecting IOs to this kind of conceptual scrutiny highlights important deficiencies in representational practices in global politics. Finally, our conclusion argues scholars of global governance need to address the normative and empirical implications of conceptualizing representation at the supranational level.

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Reforming the International Monetary Fund Why its Legitimacy is at Stake

Cited by 18 publications

References 1 publication

The Legitimacy of the UN Security Council: Evidence from Recent General Assembly Debates

The Legitimacy of the UN Security Council: Evidence from Recent General Assembly Debates

Globalization, Inequality & International Economic Law

Representation and Governance in International Organizations

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