Review Essay: Globalization, Development, and International Institutions: Normative and Positive Perspectives.

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Date Published:

23 Nov, 2005


1. Introduction. 2. A Brief Review of the Books. 3. The Role of the International Economic Institutions. 4. The Experience of the Developing Countries. 5. Theories about the Functions and Benefits of International Institutions. 1) Constraining the Great Powers. 2) Providing Information and Reducing Transaction Costs. 3) Facilitating Reciprocity. 4) Facilitating Reform in Domestic Politics. 6. Four Sources of the Problems with International Institutions. 1) No Impact. 2) Capture by the Powerful Developed Countries. 3) Capture by Private Producers and Investors. 4) Internal Dysfunctions and Failure of Accountability. 7. International Justice and Institutions: Normative Perspectives. 1) Distributive Justice is Global. 2) Current Counterfactual Assessments are Insufficient. 3) The "Nationalist" Research Agenda Must Change. 8. Conclusions: What is to be Done?

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Last updated on 05/11/2017