Global governance and the democratic deficit: stifling the voice of the South
Third World Quarterly, 29, (2), . (doi:10.1080/01436590701806798).
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This paper examines the democratic credentials of three key international institutions (the imf, World Bank and the wto) with regard to the majority of developing countries. In so doing the paper argues that we need to understand the democratic deficit of these institutions not only in terms of input legitimacy, but also in terms of output legitimacy and procedural fairness. The level and quality of these three aspects of democracy vary depending upon the international institution in question, but each of these institutions suffers from a democratic deficit in all three spheres. The paper therefore puts forward several reform proposals in order to overcome the problems outlined.
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