Document Type
Article
Disciplines
International Law
Abstract
"Good governance" policy has played a central role in the attempt by the "Bretton Woods" international financial institutions (IFIs)' - the International Monetary Fund (IMF) and the World Bank 2 - to address the problem described in the title of this panel - "Political Corruption in Third World Market Democracies." The objectives of this essay are twofold: first, to describe the good governance policy that has become increasingly relevant in the operations of these institutions, and, second, to discuss how this policy fits into longstanding debates over the proper role of the IFIs in development, particularly with respect to the link between democracy and distributive justice in poor countries. In addressing corruption in "Third World market democracies," the IFIs have focused primarily on corruption in which public office is abused for private financial gain. This focus has obscured corruption of the political process and the consequent repression of popular demand for distributive justice.
Recommended Citation
Thomas, Chantal, "Does the "Good Governance Policy" of the International Financial Institutions Privilege Markets at the Expense of Democracy?" (1999). Connecticut Journal of International Law. 323.
https://digitalcommons.lib.uconn.edu/cjil/323
Accessibility Requirements
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