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Rethinking Participation in Global Governance: Challenges and Reforms in Financial and Health Institutions

Edited by: Ayelet Berman, Tim B├╝the, Martino Maggetti, Joost Pauwelyn

ISBN13: 9780198852568
Published: June 2022
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: £80.00



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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.

Subjects:
Public International Law
Contents:
I: Introduction and Theoretical Framework
1:Introduction: Rethinking Stakeholder Participation in Global Governance
Ayelet Berman, Tim Büthe, Martino Maggetti, Joost Pauwelyn
2:Voice and Influence in Global Governance: An Analytical Framework
Mercy DeMenno and Tim Büthe
3: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 Cheng
II: Institutions and Reforms in Global Financial Governance
4:Stakeholder Participation Reforms in Global Financial Governance
Olga Kovarzina and Martino Maggetti
5:Global Financial Governance and Banking Regulation: Redesigning Regulation to Promote Stakeholder Interests
Kern Alexander
6:Brazil and Argentina in Global Financial Governance
Henrique Choer Moraes and Facundo Pérez Aznar
7:China and Vietnam in Global Financial Governance
Weiwei Zhang
8:India and Bangladesh in Global Financial Governance: From Structural Conflict to Embedded Liberalism in the Climate Finance Regime
Rahul Mukherji and Himanshu Jha
9:Assessing Stakeholder Participation Reforms in Global Financial Governance
Martino Maggetti and Olga Kovarzina
10:On Expanding the Theory of Stakeholder Participation
Christopher J. Brummer
11:Comparing Formal and Informal Bodies in International Finance: A Policy-Making Perspective
Ronald Gindrat and Paul Inderbinen
12:Can Regional Institutions Increase the Legitimacy of Global Governance? The Cases of the Regional Branches of the FATF and of the FSB
Henrique Choer Moraes
III: Institutions and Reforms in Global Health Governance
13:Stakeholder Participation Reforms in Global Health Governance
Ayelet Berman
14:Global Health Governance and Stakeholder Participation
David Gartner
15:Brazil and Argentina in Global Health Governance
André de Mello e Souza and Facundo Pérez Aznar
16:China and Vietnam in Global Health Governance
Cindy Cheng, Anh Do
17:India and the Philippines in Global Health Governance
Tim Büthe, Sachin Chaturvedi, Peter Payoyo and Krishna Ravi Srinivas
18:Assessing Stakeholder Participation Reforms in Global Health Governance
Ayelet Berman and Joost Pauwelyn
19:The Effects of Stakeholder Reforms on Global Health Governance
Gian Luca Burci
20:How Much Do Health Actors from the Global South Influence Global Health Governance?
Suerie Moon
21:Evolving Norms and Objectives Regarding Stakeholder Participation: The Global Fund to Fight AIDS, Tuberculosis and Malaria
Gülen Atay Newton
22:The World Health Organization's Engagement with Non-State Actors: The Risk of Corporate Influence
K.M. Gopakumar
IV: Stakeholder Participation in Global Governance: Cross-Cutting Issues
23:The Stakeholder Participation Triangle: Trusteeship, Functionality and Efficiency
Ayelet Berman and Eyal Benvenisti
24:Public Power and Private Stakeholders
Kal Raustiala
25:Conclusion: The Participation of Marginalized Stakeholders in Global Governance
Tim Büthe, Joost Pauwelyn, Martino Maggetti, and Ayelet Berman