Naslov
Making Governance of Global Finance More Accountable: Insights from Political Philosophy and Economy

Autori
Beroš, Marin ; Božina Beroš, Marta

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
3rd International Scientific Conference “Social Change in the Global World” - Center for Legal and Political Research, G. Delcev University in Shtip - Book of Abstracts / - , 2016

Skup
3rd International Scientific Conference “Social Change in the Global World” - Center for Legal and Political Research, G. Delcev University in Shtip

Mjesto i datum
Štip, Sjeverna Makedonija, 01.09.2016. - 02.09.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
global financial system; accountability; governance; philosophy
(glglobal financial system; accountability; governance; philosophy)

Sažetak
The 2007-08 worldwide financial crisis has led scholars, experts and policymakers to question and reconsider the current design of the global financial system (GFS) and its governance. The majority of them agree that one of the most pressing problems with respect to global financial governance is accountability. Accountability implies the participation in, or surveillance over, global policymaking. Global policymaking falls within the domain of those international institutions and organizations whose decisions shape global finance. Currently, from the public’s perspective, none of them are worth of a high vote of confidence. In fact, during the acute phase of the crisis many of the protestors in the Western part of the world pointed to some of the main stakeholders of global finance (such as the IMF) as main culprits of global inequality. A sustainable update of the governance arrangements in view of increased accountability, should primarily address the core of the system – meaning its policymakers, or the institutions and organizations whose decisions shape global finance. By engaging in a qualitative, descriptive analysis of relevant scholarship (with a focus on political philosophy and political economy) as well as policy papers and other official texts, in this paper we: 1) discuss ethical ambiguities affecting the GFS nowadays, 2) analyse recent developments in GFS’ governance in response to these ambiguities, especially from the perspective of greater participation and accountability.

Izvorni jezik
Engleski

Znanstvena područja
Filozofija

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