International Workshop Legitimacy and Efficiency in Global Economic Governance

Venue: Lecce

Location: Lecce, Italy

Event Date/Time: May 06, 2011 End Date/Time: May 07, 2011
Abstract Submission Date: Mar 06, 2011
Paper Submission Date: Apr 22, 2011
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The international financial and economic crisis of 2007-2009 has shown the fallibility of the neoliberal paradigm that has dominated global economic governance over the last quarter century: regulatory and supervisory institutions have revealed their weaknesses, and markets have shown their limits to the rational allocation of risks and resilience to shocks. Scholars and policymakers across the world need to investigate how the traditional state-vs.-market relationship should be reconceived within a changing international financial architecture.

Against this background, this Workshop aims at stimulating further reflection on the complex theme of global economic governance by choosing legitimacy and efficiency as key concepts to investigate. According to this standpoint, we propose the following topics, under which the principles of legitimacy and efficiency will be articulated, and which could headline separate Workshop sessions: institutional aspects of global governance (e.g.: role of the G-20, reform of IMF and WB); development policies (e.g.: incentives to foreign direct investments, conditionality); international financial regulation (e.g.: role of soft law, prudential supervision, transparency); role of the state in the economy (e.g.: trade and technology policies, monetary issues, state insolvency).