Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health
International organizations and other global governance bodies often make rules and decisions without input from many of the individuals, groups, firms, and governments that are affected by them. The standards of the Basel Committee on Banking Supervision, for instance, developed by a small number of states, govern financial markets and the safety of bank deposits in over a hundred jurisdictions. Historically, the interests of developing countries, as well as non-commercial and diffuse interests within countries, have been excluded or disregarded in global governance. Scholars and practitioners have criticised this democratic deficit and called for greater participation of such marginalized stakeholders. Against this background, international institutions have introduced a variety of reforms with the goal of increasing and facilitating the participation of these excluded stakeholders.

This book brings together an expert group of scholars and practitioners to investigate the consequences of stakeholder participation reforms in the global governance of health and finance: What reforms have been introduced? Have these reforms given previously marginalized stakeholders a voice in global governance bodies? What effect have these reforms had on the legitimacy and effectiveness of global governance? To answer these questions, the book examines treaty-based intergovernmental organizations alongside newer forms of global governance such as trans-governmental regulatory networks, multi-stakeholder partnerships, and private standard setting bodies. Through a series of paired comparative analyses, the book provides insights into the experiences of large emerging and smaller or lower income developing countries (Brazil v. Argentina, China v. Vietnam, India v. the Philippines) in a diverse set of organizations, including the World Bank and the World Health Organization, the Basel Committee on Banking Supervision, the Global Fund to Fight AIDS, Tuberculosis and Malaria, the International Accounting Standards Board, Codex Alimentarius Commission and more.
1141232477
Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health
International organizations and other global governance bodies often make rules and decisions without input from many of the individuals, groups, firms, and governments that are affected by them. The standards of the Basel Committee on Banking Supervision, for instance, developed by a small number of states, govern financial markets and the safety of bank deposits in over a hundred jurisdictions. Historically, the interests of developing countries, as well as non-commercial and diffuse interests within countries, have been excluded or disregarded in global governance. Scholars and practitioners have criticised this democratic deficit and called for greater participation of such marginalized stakeholders. Against this background, international institutions have introduced a variety of reforms with the goal of increasing and facilitating the participation of these excluded stakeholders.

This book brings together an expert group of scholars and practitioners to investigate the consequences of stakeholder participation reforms in the global governance of health and finance: What reforms have been introduced? Have these reforms given previously marginalized stakeholders a voice in global governance bodies? What effect have these reforms had on the legitimacy and effectiveness of global governance? To answer these questions, the book examines treaty-based intergovernmental organizations alongside newer forms of global governance such as trans-governmental regulatory networks, multi-stakeholder partnerships, and private standard setting bodies. Through a series of paired comparative analyses, the book provides insights into the experiences of large emerging and smaller or lower income developing countries (Brazil v. Argentina, China v. Vietnam, India v. the Philippines) in a diverse set of organizations, including the World Bank and the World Health Organization, the Basel Committee on Banking Supervision, the Global Fund to Fight AIDS, Tuberculosis and Malaria, the International Accounting Standards Board, Codex Alimentarius Commission and more.
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Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health

Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health

Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health

Rethinking Participation in Global Governance: Voice and Influence after Stakeholder Reforms in Global Finance and Health

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Overview

International organizations and other global governance bodies often make rules and decisions without input from many of the individuals, groups, firms, and governments that are affected by them. The standards of the Basel Committee on Banking Supervision, for instance, developed by a small number of states, govern financial markets and the safety of bank deposits in over a hundred jurisdictions. Historically, the interests of developing countries, as well as non-commercial and diffuse interests within countries, have been excluded or disregarded in global governance. Scholars and practitioners have criticised this democratic deficit and called for greater participation of such marginalized stakeholders. Against this background, international institutions have introduced a variety of reforms with the goal of increasing and facilitating the participation of these excluded stakeholders.

This book brings together an expert group of scholars and practitioners to investigate the consequences of stakeholder participation reforms in the global governance of health and finance: What reforms have been introduced? Have these reforms given previously marginalized stakeholders a voice in global governance bodies? What effect have these reforms had on the legitimacy and effectiveness of global governance? To answer these questions, the book examines treaty-based intergovernmental organizations alongside newer forms of global governance such as trans-governmental regulatory networks, multi-stakeholder partnerships, and private standard setting bodies. Through a series of paired comparative analyses, the book provides insights into the experiences of large emerging and smaller or lower income developing countries (Brazil v. Argentina, China v. Vietnam, India v. the Philippines) in a diverse set of organizations, including the World Bank and the World Health Organization, the Basel Committee on Banking Supervision, the Global Fund to Fight AIDS, Tuberculosis and Malaria, the International Accounting Standards Board, Codex Alimentarius Commission and more.

Product Details

ISBN-13: 9780198852568
Publisher: Oxford University Press
Publication date: 09/02/2022
Series: Law and Global Governance
Pages: 544
Product dimensions: 9.35(w) x 6.44(h) x 1.49(d)

About the Author

Joost Pauwelyn is Professor of International Law at the Graduate Institute in Geneva, and Murase Visiting Professor of Law at the Georgetown University Law Center

Martino Maggetti is Associate Professor of Political Science at the University of Lausanne

Tim Büthe is Professor and Chair for International Relations at Hochschule für Politik/TUMSchool of Governance and TUM School of Management, Technical University of Munich and a Senior Fellow at the Kenan Institute for Ethics, Duke University

Ayelet Berman is a Senior Research Fellow at the Centre for International Law Adjunct Assistant Professor at the Faculty of Law, National University of Singapore

Table of Contents

I: Introduction and Theoretical Framework1. Introduction: Rethinking Stakeholder Participation in Global Governance, Ayelet Berman, Tim Büthe, Martino Maggetti, Joost Pauwelyn2. Voice and Influence in Global Governance: An Analytical Framework, Mercy DeMenno and Tim Büthe3. Analyzing the Consequences of Institutional Reforms Using Country Pairs: A Note on the (Coarsened Exact) Matched-Country-Pairs Methodology of the Rethinking Stakeholder Participation Project, Tim Büthe and Cindy ChengII: Institutions and Reforms in Global Financial Governance4. Stakeholder Participation Reforms in Global Financial Governance, Olga Kovarzina and Martino Maggetti5. Global Financial Governance and Banking Regulation: Redesigning Regulation to Promote Stakeholder Interests, Kern Alexander6. Brazil and Argentina in Global Financial Governance, Henrique Choer Moraes and Facundo Pérez Aznar7. China and Vietnam in Global Financial Governance, Weiwei Zhang8. India and Bangladesh in Global Financial Governance: From Structural Conflict to Embedded Liberalism in the Climate Finance Regime, Rahul Mukherji and Himanshu Jha9. Assessing Stakeholder Participation Reforms in Global Financial Governance, Martino Maggetti and Olga Kovarzina10. On Expanding the Theory of Stakeholder Participation, Christopher J. Brummer11. Comparing Formal and Informal Bodies in International Finance: A Policy-Making Perspective, Ronald Gindrat and Paul Inderbinen12. Can Regional Institutions Increase the Legitimacy of Global Governance? The Cases of the Regional Branches of the FATF and of the FSB, Henrique Choer MoraesIII: Institutions and Reforms in Global Health Governance13. Stakeholder Participation Reforms in Global Health Governance, Ayelet Berman14. Global Health Governance and Stakeholder Participation, David Gartner15. Brazil and Argentina in Global Health Governance, André de Mello e Souza and Facundo Pérez Aznar16. China and Vietnam in Global Health Governance, Cindy Cheng, Anh Do17. India and the Philippines in Global Health Governance, Tim Büthe, Sachin Chaturvedi, Peter Payoyo and Krishna Ravi Srinivas18. Assessing Stakeholder Participation Reforms in Global Health Governance, Ayelet Berman and Joost Pauwelyn19. The Effects of Stakeholder Reforms on Global Health Governance, Gian Luca Burci20. How Much Do Health Actors from the Global South Influence Global Health Governance?, Suerie Moon21. Evolving Norms and Objectives Regarding Stakeholder Participation: The Global Fund to Fight AIDS, Tuberculosis and Malaria, Gülen Atay Newton22. The World Health Organization's Engagement with Non-State Actors: The Risk of Corporate Influence, K.M. GopakumarIV: Stakeholder Participation in Global Governance: Cross-Cutting Issues23. The Stakeholder Participation Triangle: Trusteeship, Functionality and Efficiency, Ayelet Berman and Eyal Benvenisti24. Public Power and Private Stakeholders, Kal Raustiala25. Conclusion: The Participation of Marginalized Stakeholders in Global Governance, Tim Büthe, Joost Pauwelyn, Martino Maggetti, and Ayelet Berman
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