Contemporary theoretical debates surrounding accountability in global economic governance have often adopted a problem-focused analytical lens—centred on real-world political controversies surrounding the accountability of global governing authorities. This chapter explores four distinctive problems of global accountability for which empirical inquiry has usefully informed normative analysis: first, the problem of unaccountable power within global governance processes; second, the problem of decentred political authority in global governance; third, problems establishing appropriate foundations of social power through which normatively desirable transnational accountabilities can be rendered practically effective at multiple scales; finally, problems associated with the need to traverse significant forms of social and cultural difference in negotiating appropriate normative terms of transnational accountability relationships. In relation to each, this chapter examines how systematic engagement between empirical and normative modes of analysis can both illuminate the theoretical problem and inform practical political strategies for strengthening accountability in global economic governance.
International policy coordination and simple monetary policy rules