The Challenge for International Institutions
International Institutions and Global Governance series
Edited by John-ren Chen and David Sapsford
Karl Socher When the international institutions were created at the Bretton Woods conference at the end of World War II, the most important aims had been to help reconstruction after the war and to create a framework for economic stability, development and growth. Growth and development are necessary (but not sufﬁcient) conditions for reducing poverty, so this aim had already been included in the goals of Bretton Woods institutions at their foundation. However, the aim of reducing poverty had not originally played the central role in the process of developing the strategies of the international institutions because it was believed that, included in the aim of reconstruction and development, economic growth in these war-torn and underdeveloped countries would be a basis to diminish both poverty and also the difference in per capita income between the poor and the rich countries. But in reality these aims have not been reached sufﬁciently. Therefore the issue of poverty reduction has risen to become a primary goal of international institutions. The aim of the third CSI conference was to discuss the controversial questions raised by critical economists in academia and non-governmental organizations (NGOs) about the effective strategies for ﬁghting poverty. The contributions in this book are organized in three parts as follows: 1. The ﬁrst part deals with general issues about the role of international institutions in economic growth and raising the standard of living in developing countries; The second part looks into the role of particular international institutions in poverty reduction;...