
Peter Debaere
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Papers by Peter Debaere
stage, after some years of disengagement by major emerging markets and developing
countries (EMDCs). Neo-liberal institutionalism predicts that crises in a highly
interdependent world induce states to strengthen multilateral institutions. In the case of the
IMF, many observers believed that a more effective IMF was contingent on giving EMDCs a
larger voice. However, the 2010 Quota and Governance Reform at the IMF fell below
expectations in this regard. Based on an analysis of the ex ante preferences and power
relations of the major players, we show that this should not come as a surprise and that the
2010 reform agreement has reached the boundaries of the politically possible. Hence, this
empirical case-study brings in power and preferences to qualify the more optimist neo-liberal
institutionalist accounts against the backdrop of an increasingly multipolar world.
Talks by Peter Debaere
stage, after some years of disengagement by major emerging markets and developing
countries (EMDCs). Neo-liberal institutionalism predicts that crises in a highly
interdependent world induce states to strengthen multilateral institutions. In the case of the
IMF, many observers believed that a more effective IMF was contingent on giving EMDCs a
larger voice. However, the 2010 Quota and Governance Reform at the IMF fell below
expectations in this regard. Based on an analysis of the ex ante preferences and power
relations of the major players, we show that this should not come as a surprise and that the
2010 reform agreement has reached the boundaries of the politically possible. Hence, this
empirical case-study brings in power and preferences to qualify the more optimist neo-liberal
institutionalist accounts against the backdrop of an increasingly multipolar world.