A modest approach for effective multilateral institutions

White House/Pete Souza

President Barack Obama confers with Treasury Secretary Timothy Geithner during a meeting with Eurozone leaders at the G20 Summit in Cannes, France, Nov. 3, 2011.

Article Highlights

  • Given today’s level of global interconnectedness, multilateral institutions have become increasingly important.

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  • Corruption and poor management diminish the ability of multilateral institutions to facilitate cooperation among countries.

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  • There are widespread concerns about the legitimacy of the Group of 20’s membership.

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Abstract:

Given today’s unprecedented level of global interconnectedness, multilateral institutions have become increasingly important, despite detractors’ legitimate concerns over their effectiveness. But corruption, lack of legitimacy, poor management, and ill-defined missions in many current multilateral institutions diminish their ability to facilitate cooperation and communication among countries interested in the pursuit of shared objectives. This paper examines the Group of 20 (G20), calling attention to its strengths as a relatively new, unburdened, and nimble organization but also noting widespread concerns about the legitimacy of its membership. To bolster the group’s legitimacy, the paper outlines a set of mission-based, quantitative criteria on which G20 membership could be based. After assessing the impact on the G20 of applying these criteria, the paper concludes by recommending purpose-driven criteria as a framework for new multilateral organizations, to both promote effectiveness and bolster confidence in their legitimacy.

 

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About the Author

 

Alex
Brill
  • Alex Brill, a former policy director and chief economist of the House Ways and Means Committee, also served on the staff of the President's Council of Economic Advisers (CEA). In Congress and at the CEA, Mr. Brill worked on a variety of economic and legislative policy issues, including dividend taxation, the alternative minimum tax, international tax policy, social security reform, defined benefit pension reform, and U.S. trade policy.

    At AEI, Mr. Brill studies the impact of tax policy in the U.S. economy; the fiscal, economic, and political consequences of stimulus legislation; health care reform, pharmaceutical spending, unemployment insurance reform; and financial innovation and technology.
  • Phone: 202-862-5931
    Email: alex.brill@aei.org
  • Assistant Info

    Name: Veronika Polakova
    Phone: 202-862-4880
    Email: veronika.polakova@aei.org

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