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Unlocking Potential: Overcoming Structural Reform Roadblocks in International Economic Governance
Abstract
Focusing on the International Monetary Fund, the study underscores the profound impact of the international institutions on the global economy and the interconnected nature of their operations. It emphasizes overcoming common barriers to reform, such as disparities in representation and decision-making power, to promote more inclusive and effective governance. Reform of the international institutions is essential to prevent or mitigate global crises and to promote equitable and sustainable development worldwide. A comprehensive literature review was conducted, followed by data interpretation through visual analysis, observation, and evaluation. The findings were subjected to an assessment, after which recommendations were presented. The study concludes with a call for structural reforms to enhance the resilience, responsiveness, and fair distribution of electoral power. This would facilitate effective structural reforms and promote sustainable economic development.
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