Controlling institutions : international organizations and the global economy / Randall W. Stone.
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- computer
- online resource
- 9781139078627
- 1139078623
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- 9781139080897
- 113908089X
- 9780511793943
- 0511793944
- 1139887319
- 9781139887311
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- 9781139070614
- 1283112744
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- 9786613112743
- 6613112747
- International organizations and the global economy
- Europäische Union
- Internationaler Währungsfonds
- Welthandelsorganisation (WTO)
- International agencies -- Management
- International agencies -- Rules and practice
- International organization
- Organisations internationales -- Gestion
- Organisation internationale
- LAW -- International
- International agencies
- International agencies -- Management
- International organization
- Internationale Organisation
- Weltwirtschaft
- Interessenpolitik
- Macht
- Europäische Union
- Internationale organisaties
- Internationale economie
- Internationale Organisation
- Weltwirtschaft
- Interessenpolitik
- Macht
- 341.2 22
- HG3881 .S76 2011eb
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Includes bibliographical references (pages 240-250) and index.
Introduction: international organization and US power -- A theory of international organization -- A model of informal governance -- Informal governance in the IMF -- The World Trade Organization -- The European Union -- Access to IMF resources -- Conditionality under IMF programs -- Enforcement.
Print version record.
How is the United States able to control the IMF with only 17 per cent of the votes? How are the rules of the global economy made? This book shows how a combination of formal and informal rules explains how international organizations really work. Randall W. Stone argues that formal rules apply in ordinary times, while informal power allows leading states to exert control when the stakes are high. International organizations are therefore best understood as equilibrium outcomes that balance the power and interests of the leading state and the member countries. Presenting a new model of institutional design and comparing the IMF, WTO, and EU, Stone argues that institutional variations reflect the distribution of power and interests. He shows that US interests influence the size, terms, and enforcement of IMF programs, and new data, archival documents, and interviews reveal the shortcomings of IMF programs in Mexico, Russia, Korea, Indonesia, and Argentina.
English.
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