Global Governance - "Rethinking Stakeholder Participation: India - Bangladesh Comparative Case Study"
The World financial system has experienced several crises. Financial crises result from the lack of coordination or governance of the global financial architecture. Advanced industrialized countries have come to address the global crisis in several ways; the Group of Seven (G7) countries, G8 the Group of 8 (G8) countries, and now G20. A larger group of 20 countries now seeks to find a common ground of agreement at the G 20 conclaves. This is a much larger number of countries than the seven or eight countries that decided the fate of the global financial rules in the past. Does this reflect changes in the distribution of global financial power? Will the coordination of financial resources become more democratic? This project wishes the assess the significance of such changes for two countries: India and Bangladesh. India is a member of the G20 and Bangladesh is not. Both are rapidly growing emerging economies. What kind of voice do countries like India and Bangladesh desire in the global financial architecture? Are their interests on issues such as climate change funding, IMF quotas, trade rules, similar or divergent? How are these countries making coalitions and alignments to secure their interests?
This project is funded by the Swiss Network for International Studies (SNIS) .