School of Social and Political Sciences - Theses

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    Legitimacy, authority and global governance institutions: a case study of the International Monetary Fund
    Cole, Natalie ( 2018)
    Global governance institutions play an increasingly important and influential role in global politics. Despite a growing focus in the literature on global governance institutions’ legitimacy, the applicability of both standard conceptions and newer theories of political authority and political legitimacy to these actors remains an unresolved issue. In this thesis I address this shortcoming in the literature by engaging in an investigation of the authority and legitimacy of global governance institutions. I demonstrate the incompatibility of standard conceptions of political authority and legitimacy with the current roles of these actors in the international political order. Drawing on Stephen Perry’s (2013) task-efficacy account of legitimacy and Martha Nussbaum’s approach to social justice, I provide accounts of, and standards for, authority and legitimacy. I contend that the promotion of the condition for subjects’ wellbeing, understood as Nussbaum’s ten capabilities, is a sufficiently good or valuable end to justify public authority. Finally, to test the applicability of the proposed account of legitimacy, I undertake a case study of the International Monetary Fund to investigate the ways real world global governance institutions exercise political authority, establish the usefulness of my proposed definition of legitimacy, measure the IMF’s efficacy and consider areas for reform.