What's Wrong With the IMF and How to Fix It by Bessma Momani (English) Paperback

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The International Money Fund (IMF) stands at a crossroad. Derided as increasingly irrelevant in the first decade of the new millennium, the fall-out from the 2008 global financial crisis has restored its power and prestige.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description

The IMF stands at a crossroad. Derided as increasingly irrelevant in the first decade of the new millennium, the Fund has had its power and prestige restored by the fallout from the 2008 global financial crisis. But will the resurgent IMF assert a more just and sustainable macroeconomic model and provide a voice for poor and marginalized people around the globe? Or will enduring weaknesses within the IMF mean it fails to address these issues?   In this book, Bessma Momani and Mark R. Hibben dissect the variables and institutional dynamics at play in IMF governance, surveillance, lending, and capacity development to expose the fundamental barriers to change. Identifying four areas that could "fix" the IMF, they show how these genuine and workable solutions can give the IMF the effectiveness and legitimacy it needs to positively shape twenty-first-century global governance and push back against volatile and regressive forces in the international political economy.

Notes

The authors dissect the variables and institutional dynamics that are at play in IMF governance, surveillance, lending and capacity development, to highlight the fundamental barriers that need to change. They also identify four areas that could help to restore the IMF.

Author Biography

Bessma Momani is a Senior Fellow at the Centre for International Governance Innovation (CIGI) and a Professor of Political Science at the Balsillie School of International Affairs and the University of Waterloo. Mark Hibben is Assistant Professor of Political Science at Saint Joseph's College of Maine.

Table of Contents

PREFACE LIST OF ABBREVIATIONS LIST OF FIGURES, TABLES, PLATES ACKNOWLEDGEMENTS DEDICATION PART 1: DIAGNOSING THE ILLS CHAPTER 1: WHAT IS WRONG WITH THE IMF? CHAPTER 2: GOVERNANCE AND DECISION-MAKING CHAPTER 3: SURVEILLANCE CHAPTER 4: LENDING AND CONDITIONALITY CHAPTER 5: CAPACITY DEVELOPMENT PART 2: FINDING A CURE CHAPTER 6 DEMOCRATIZE GOVERNANCE AND DECISION MAKING CHAPTER 7 DIVERSIFY THE IMF STAFF CHAPTER 8 COMMIT TO INCLUSIVE GROWTH CHAPTER 9 ENHANCE MULTILATERAL PARTNERSHIPS CHAPTER 10 CLOSING THE HYPOCRISY GAP REFERENCES INDEX

Review

"This book draws upon the authors' broad experience to paint a portrait of an institution under challenge and highlights changes that could strengthen the IMF. It should be read by students, policy analysts and officials alike for its timely insights."Thomas A. Bernes, Distinguished Fellow and former President, Centre for International Governance Innovation"There are some problems no government can fix without cooperation. That's why the IMF is needed. This useful book sets out some of the critiques of the IMF along with ideas about reforms which could help the institution do better."Ngaire Woods, University of Oxford

Review Text

"This book draws upon the authors' broad experience to paint a portrait of an institution under challenge and highlights changes that could strengthen the IMF. It should be read by students, policy analysts and officials alike for its timely insights." Thomas A. Bernes, Distinguished Fellow and former President, Centre for International Governance Innovation "There are some problems no government can fix without cooperation. That's why the IMF is needed. This useful book sets out some of the critiques of the IMF along with ideas about reforms which could help the institution do better." Ngaire Woods, University of Oxford

Review Quote

"This book draws upon the authors' broad experience to paint a portrait of an institution under challenge and highlights changes that could strengthen the IMF. It should be read by students, policy analysts and officials alike for its timely insights." Thomas A. Bernes, Distinguished Fellow and former President, Centre for International Governance Innovation "There are some problems no government can fix without cooperation. That's why the IMF is needed. This useful book sets out some of the critiques of the IMF along with ideas about reforms which could help the institution do better." Ngaire Woods, University of Oxford

Details ISBN1509509674 Pages 256 Year 2017 ISBN-10 1509509674 ISBN-13 9781509509676 Format Paperback Imprint Polity Press Place of Publication Oxford Country of Publication United Kingdom DEWEY 332.152 Series What's Wrong? Media Book Publication Date 2017-11-03 Language English UK Release Date 2017-11-03 NZ Release Date 2017-11-03 Author Mark R. Hibben Publisher John Wiley and Sons Ltd Alternative 9781509509669 Audience Undergraduate AU Release Date 2017-11-02 We've got this

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