1. Governance of Financial Institutions
The simplest, and most attainable, reform to the voting system that will give expanding nations and smaller, poorer nations more of a voice within the IMF is to adopt a double-majority voting method, or voting by count and account. ... Under the new voting structure, giving more say to the Global South will certainly steer the IMF in the right direction in terms of quieting some of its critics, who feel the organization has been ineffective in the developing world. ... The reformed voting system outlined above would be certain to bring more balance to the IMF voting structure and give small,...
- Word Count: 731
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate