Who should design economic governance structures? And who should benefit?
While few would argue about the need for good governance in economic recovery, there are debates surrounding the type of measures proposed to foster good governance, and which stakeholders are best positioned to benefit from these measures – i.e. society at large, domestic or international businesses. “Discussion over governance is important because it influences not only mechanisms but also strategies, each of which in turn responds to ideological presumptions about development and to attain means greater economic democracy.”35 The IMF underscores the emphasis it places on good governance when providing policy advice, financial support, and technical assistance to its 185 member countries.36 It focuses in particular on working with its members to “prevent and address corruption in areas where the Fund has a mandate and expertise, notably public resource management and financial sector soundness, to establish strong and transparent procedures and institutions.”37 To this end, it also s
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