Abstract In the last 25 years, a range of scholars have endeavored to understand the creation of a myriad of transnational finance and market driven (FMD) governance interventions aimed at countries in the Global South who are asserted to suffer from "weak state" capacity or contain areas of “limited statehood”. This class of policy tools remains the dominant approach with which to foster improved governance in domestic settings in spite of a quarter century of frustrations over the pace and scale of change. We assess the ability of a good governance norm complex to help explain the persistent support of FMD tools in which countervailing or unanticipated impacts are viewed as the result of faulty design, rather than owing to the inherent contradictions of the complex itself. We illustrate the argument through a historical assessment of FMD tools in general, and the emergence in the last decade of “legality verification” in particular. We focus on Cambodia's forest sector to identify how policy designers might better anticipate the effects of the EU's “Forest Law Enforcement, Governance and Trade” (FLEGT) program on the variety of countervailing problems it is charged with improving.

中文翻译：

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金融和市场驱动（FMD）干预能否让“弱国”变得更强大？柬埔寨善治规范综合体的经验教训

摘要 在过去的 25 年中，一系列学者一直致力于了解针对全球南方国家的无数跨国金融和市场驱动 (FMD) 治理干预措施的产生，这些国家声称遭受“弱国家”能力或包含“有限状态”的区域。尽管 25 年来对变革的速度和规模感到沮丧，但这类政策工具仍然是促进改善国内环境治理的主要方法。我们评估了良好治理规范复合体的能力，以帮助解释 FMD 工具的持续支持，其中抵消或意外影响被视为错误设计的结果，而不是由于复合体本身的固有矛盾。我们通过对 FMD 工具的总体历史评估来说明这一论点，特别是在过去十年中出现的“合法性验证”。我们专注于柬埔寨的森林部门，以确定政策设计者如何更好地预测欧盟“森林执法、治理和贸易”（FLEGT）计划对其负责改善的各种反补贴问题的影响。