CEU Electronic Theses and Dissertations, 2012
| Author | Zagaria, Nicholas Alexander |
|---|---|
| Title | Emerging nation influence in the G20: Brazil's impact on discussions on Capital Account Controls and IMF Governance Reform |
| Summary | This thesis is rooted in the debate on the effects of adding emerging nations to the G20 framework, and the rise of multipolarity in the global order. It is also tangentially related to the debates on the legitimacy of the G20 as an international actor, where many criticize the exclusionary nature of the G20, calling it “executive multilateralism,” undemocratic, and unrepresentative. But leaving these value judgments aside, this thesis will look at whether emerging and developing nations can be effective in wielding influence within the G20 framework, or if the G20 is merely dominated by a power struggle between its two largest nations, China and the US. This debate will be addressed directly, but through the narrow lens of Brazil’s experience at the G20. It will examine Brazil’s influence on two separate G20 agenda items: 1) capital account controls; and 2) IMF governance and quota reform. I argue that Brazil has been able to have marginal influence on debates, but the outcomes and ultimate success of a policy initiative is largely out of their control. The thesis concludes by considering the international monetary system debates in the G20 and the IMF, and speculates on whether agreement is likely. |
| Supervisor | Bohle, Dorothee |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2012/zagaria_nicholas.pdf |
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