Developing Countries in Global Economic Governance and Negotiation Processes
This chapter on the roles and objectives of developing countries in global economic governance is organized around themes in negotiation processes rather than the specific objectives of improved global governance themselves. These objectives are considered, of course, but they are discussed within the context of a discussion of better process. The chapter addresses the prospect for fairly short-term and modest reforms, mainly relating to governance and negotiation processes for reform, within the key current multilateral economic institutions — the International Monetary Fund, the World Bank, and the World Trade Organisation. It focuses upon the importance of the selection of the agenda and the choice of appropriate forums and processes for moving toward longer-term and more fundamental reforms in the global economic governance system. The particular problems of the smallest and poorest countries in the global economic system are considered in the chapter. It also addresses the potential for improved developing country cooperation within existing systems.