India survived near-crisis situations twice in the 1990s. What determined its ability to learn from the experience of a balance of payments crisis in 1991 to shield the economy from the pressures of the Asian financial crisis in 1997? By linking the two crises within a framework of external and...

Self-regulation by multinational corporations of social/ environmental impacts has been advocated as a solution to the regulatory capacity problems faced by developing states. Market pressures can provide incentives for firms to implement codes and standards, but rely on widely available...

The IMF is governed by a 24-member Executive Board, which represents 184 countries. Although often prized as a small and efficient decision-making body, the Board represents some countries more effectively than others. This is due to the institutional structure and incentives within which the...

Calls for the IMF to increase participation in decision-making present a compelling case from numerous sources. Any organization working to meet and further its clients' needs requires feedback from those affected, to maintain quality and relevance. IMF lending typically takes place during a...

Aid for good governance is much in the news. Wealthy countries promised dramatically to increase aid to the world's poorest countries at the G8 meeting in Gleneagles in 2005, agreeing to double aid for Africa by 2010 and noted that according to the OECD, aid for all developing countries would...

At the heart of the existing climate change regime is a divide between developed and developing countries. The UN Framework Convention on Climate Change (UN-FCCC) enshrines "common but differentiated responsibilities and respective capabilities" and in so doing recognizes that historical...

In the wake of the global financial crisis, three G20 Summits have reinvigorated global cooperation, thrusting the International Monetary Fund centre-stage with approximately $1trillion of resources. With China, Brazil, India, Russia and other powerful emerging economies now at the table, is a...

This paper presents a short, analytical history of the G20 Leaders group. It examines the impact of the G20 on outcomes in international cooperation, and its impact on processes and institutions of global governance. The first part of the paper traces the trajectory of the G20 across its first...