 Globalization has been accompanied by the establishment of formal democracy in some countries and the number of women serving in national legislatures has increased in some nations. However, some feminist philosophers are quick to argue that neoliberalism has not resulted in increased political influence for women on the whole, especially at the level of global politics. One important reason is that global economic institutions are neither adequately representative nor fully democratic. Women are virtually absent from the formal decision-making bodies of institutions such as the WTO and the World Bank, and these institutions tend to be unofficially dominated by the interests of wealthy nations and multinational corporations. 