The Governance Structures of the Bretton Woods Financial Institutions ― A Case of Beggar-thy-neighbour

This book uses institutional data to examine and analyze the current governance structures of Multilateral Financial Institutions (MFIs) with the ultimate goal of reforming MFI governance models to be more responsive to the needs of developing countries. Founded in the post-World War II era, MFIs, collectively known as the Bretton Woods Financial Institutions (BWFIs), were created to promote global economic development and financial stability. This book argues, however, that the governance structures and policies of the MFIs have been biased in favour of developed country members, excluding less economically advanced countries from decision-making processes and perpetuating the economic status quo. Considering the inability of MFIs to adequately respond to the financial needs of developing countries, the book raises an alternative proposal for BWFI reform, based on the following criteria: (i) encouraging development incentives, (ii) favouring development learning through knowledge transfer and easing its appropriation by developing countries, and (iii) guiding and facilitating access to private international financial markets. Combining historical economic analysis with policy recommendations for the future, this book will be of particular interest to students and researchers of development economics, governance, and MFIs, as well as practitioners working with the institutions studied. 

Ahmed Naciri?PhD and CPA, is Currently professor at the School of Business at UQAM; He is also collaborating with Maryland university, McGill, and ESSEC-Paris, etc. Former Chairman of the Accountancy Department at the UQAM and the founding Chair of the International Centre for Governance, Mr. Naciri is internationally recognized for his work on governance and constantly consulted by foreign governments on the subject to which he devoted four books, two of them with Routledge published as well as sixty research papers in first class international journals. This earned him the Award of Excellence from the Canadian Association of Administrative Sciences and a Fellow from the CPA Association. Over the years he developed an extensive international academic and business network.