ABSTRACT

The international governance of economic affairs has changed significantly since 1990, with new institutional arrangements for creating and enforcing trade rules and significant changes in the roles of the IMF and, to a lesser extent, the World Bank. As Keith Griffin (2003) argues, the institutions and practices of governance have not matched the demands and opportunities created by economic globalization, and this institutional failing is a factor in the growth of global inequality. It is not surprising, therefore, that the governance of the World Bank itself, and its role in broader economic governance, attracts interest from scholars and activists alike.