CLASSICS 1M03 Lecture Notes - Lecture 14: General Agreement On Tariffs And Trade, Dispute Settlement Body, International Trade
Document Summary
Political science 1ab3 2017 lecture 11b international organizations. Provides loans to states experiencing balance of payments problems. There are two elements that provide the international monetary fund with a degree of autonomy. A) in terms of its operational budget (although not its loan budget) the fund is by and large self-funding. B) it is also a significant source of ideas on financial stability (recall our discussion of constructivism) Having said this, the ability of the organization to exercise that autonomy is largely constrained by its most powerful member states. Decisions in the imf are not made on the basis of one state one vote (as is the case in the un general assembly) They are made on a weighted basis: weighted according to a state"s financial contribution to the organization. The net effect is that certain economically powerful states have a far greater percentage of the total votes than others.
