A Better Globalization: Legitimacy, Governance, and Reform

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9780815717638: A Better Globalization: Legitimacy, Governance, and Reform


The huge costs of armed conflict, the great challenge of state failure, and the slow pace of international actions to address world poverty all point to weaknesses in the global institutional framework and the need for much more effective international cooperation. In this book, Kemal Dervis argues that it is time to build a new international governance structure, breaking away from a system that reflects the post World War II world toward one that is appropriate to the realities and requirements of the 21st century. He proposes a reform of the international institutional architecture based on high-level governance in both the political and economic domains by a renewed and modernized United Nations. Navigating between careful realism and bold idealism, he formulates a coherent vision encompassing both institutional reform and new ideas for policies supported by the specialized institutions such as the IMF, the World Bank, the WTO, the UN agencies themselves, and regional institutions such as the regional development banks. In this plea for "better" globalization, Dervis proposes that, under the legitimizing umbrella of the UN, the specialized institutions deal with the deep causes of the obstacles to poverty reduction and instability rather than their immediate manifestations. He recognizes the great potential that more and freer trade can have for accelerating growth throughout the world. He also stresses, however, that for this potential to be unleashed, the hearts and minds of people must be won by transforming not only the WTO framework but the entire governance of the international economic system into something that is perceived as more legitimate and more responsive to the concerns of the developing world as well as wealthy and creditor nations.


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About the Author:

Kemal Dervis was recently named Administrator of the United Nations Development Programme by UN Secretary General Kofi Annan. He will take up the position on August 15, 2005. A member of the Turkish Parliament and former Minister for Economic Affairs, Dervis is recognized as the architect of Turkey's successful economic recovery program. He served for 22 years at the World Bank, where his positions included Vice President for Europe, Middle East and North Africa, and Vice President for Poverty Reduction and Economic Management. He is a member of the Turkish Republic Chamber of Deputies to the European Commission and European Parliament and is a member of the European Constitutional Convention. Ceren Ozer is an Economist with the South Asia Economic Policy Unit of the World Bank.

Review:

"Dervis addresses the key challenges of our time with imagination and determination." —Abdullah Gul, Deputy Prime Minister and Minister of Foreign Affairs, Turkey



"Dervis brings unique insight into improving the effectiveness and legitimacy of global institutions." —Paul Martin, Prime Minister of Canada



"The author's proposals are both idealistic and practicable. Decision makers have no excuse... they cannot ignore this book." —Giuliano Amato, former Prime Minister of Italy



"One of the most imaginative solutions to the problem of reorganizing the United Nations." —Francis Fukuyama, Professor of International Political Economy, Johns Hopkins University



"Concrete proposals for introducting the missing human and social elements into the mechanical processes of globalization." —Erdal Inonu, former Deputy Prime Minister of Turkey



"For out-of-the-box ideas on [global governance], this is certainly the book to read." —Ernesto Zedillo, former President of Mexico



"[The author]... demonstrates a reassuring belief in the power of good policy to shape a better society and in the power of ideas to change the world." —George Papandreou, former Foreign Minister of Greece



"Dervis weighs in on the greatest debate of our time... Washington and Brussels better stand up and take notice!" —Dani Rodrik, Professor of International Political Economy, Harvard University



"In this book [Dervis] skillfully uses his extensive national and international experience to discuss some of the difficult global issues of our time." —Brent Scowcroft, former US National Security Advisor



"Kemal Dervis [has] the perspective needed to consider deep reforms in global governance." —Montek Singh Ahluwalia, Deputy Chairman, Planning Commission of India

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