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OverviewWhat is the relationship between states' economic power and their formal political power in multilateral economic institutions? Why do we see variation in states' formal political power across economic institutions of the same era? In this book, Ayse Kaya examines these crucial under-explored questions, drawing on multiple theoretical traditions within international relations to advance a new approach of 'adjusted power'. She explains how the economic shifts of our time, marked by the rise of Brazil, Russia, India, China and other emerging economies, have affected and will impact key multilateral economic institutions. Through detailed contemporary and historical analyses of the International Monetary Fund, the World Bank, the G20, and the International Trade Organization, Kaya shows that the institutional setting mediates the significance of the underlying distribution of economic power across states. The book presents both case studies and key statistics. Full Product DetailsAuthor: Ayse Kaya (Swarthmore College, Pennsylvania)Publisher: Cambridge University Press Imprint: Cambridge University Press Dimensions: Width: 16.00cm , Height: 2.20cm , Length: 23.50cm Weight: 0.570kg ISBN: 9781107120945ISBN 10: 1107120942 Pages: 298 Publication Date: 19 November 2015 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction; 2. Conceptualizing political asymmetries in multilateral economic institutions; 3. The origins of states' formal equality in the global financial institutions; 4. The origins of states' voting equality in the post-war multilateral trading system; 5. Shifts in political power in the IMF in 2008–10; 6. Shifts in political power in the World Bank in 2008–10; 7. The G20: a delegatory institution; 8. Conclusions.ReviewsAdvance praise: 'This ambitious study opens up the black box of how power and institutions interact in the rapidly changing post-Crisis world of global economic governance. Kaya exposes the tensions between the formal and informal faces of power in the struggle to influence both rules and outcomes across the World Bank, the IMF, and the emerging G20 process. Her analysis tells us that where the 'declining old' might prove too slow in ceding their formal institutional prerogatives, the 'rising new' may up the ante and take the game elsewhere to new forums. Global governance thus becomes less predictable and institutions less effective at adapting to the need for change. In short, Kaya's analysis shows us how familiar institutions remain a potentially fragile part of an increasingly fragile world order. A 'must' for scholars and students alike.' Geoffrey Underhill, University of Amsterdam Advance praise: 'Increasingly, students of international political economy are returning to consideration of the role of power in the functioning of the world economy. With this thoughtful analysis, Ayse Kaya makes a notable contribution to current debates, focusing in particular on the relationship between the economic power of states and formal power in multilateral institutions. Even seasoned specialists will find much to learn in this knowledgeable and well-crafted study.' Benjamin Jerry Cohen, University of California, Santa Barbara 'This ambitious study opens up the black box of how power and institutions interact in the rapidly changing post-Crisis world of global economic governance. Kaya exposes the tensions between the formal and informal faces of power in the struggle to influence both rules and outcomes across the World Bank, the IMF, and the emerging G20 process. Her analysis tells us that where the 'declining old' might prove too slow in ceding their formal institutional prerogatives, the 'rising new' may up the ante and take the game elsewhere to new forums. Global governance thus becomes less predictable and institutions less effective at adapting to the need for change. In short, Kaya's analysis shows us how familiar institutions remain a potentially fragile part of an increasingly fragile world order. A 'must' for scholars and students alike.' Geoffrey Underhill, University of Amsterdam 'Increasingly, students of international political economy are returning to consideration of the role of power in the functioning of the world economy. With this thoughtful analysis, Ayse Kaya makes a notable contribution to current debates, focusing in particular on the relationship between the economic power of states and formal power in multilateral institutions. Even seasoned specialists will find much to learn in this knowledgeable and well-crafted study.' Benjamin Jerry Cohen, University of California, Santa Barbara Author InformationAyse Kaya is Assistant Professor of Political Science at Swarthmore College, Pennsylvania. The co-editor of Global Inequality: Patterns and Explanations (2007), she has published in numerous academic journals on global economic governance. Tab Content 6Author Website:Countries AvailableAll regions |
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