Global Economic Governance and the Development Practices of the Multilateral Development Banks

Global Economic Governance and the Development Practices of the Multilateral Development Banks PDF Author: Susan Park
Publisher: Routledge
ISBN: 1317568559
Category : Political Science
Languages : en
Pages : 258

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Book Description
As pillars of the post-1945 international economic system the Regional and Sub-Regional Development Banks (RSDBs) have long been considered mini-World Banks, reiterating the policy approach of the largest official multilateral development lender in the world. The main objective of the collection is to identify what role the RSDBs play in global economic governance and why. This edited collection draws together cutting edge original research on these understudied institutions. In the burgeoning sub-field of global economic governance as well as the broader study of international organisations (IOs), too often the focus remains on the World Bank and the International Monetary Fund (IMF). Second-order IOs, such as the RSDBs, receive much less attention despite their longevity and regional importance. This volume corrects this oversight by bringing together methodologically diverse research on the RSDBs that interrogates the role and impact of these organisations in global economic governance. The book investigates: the African Development Bank (AfDB); the Asian Development Bank (AsDB); the Inter-American Development Bank (IDB), and the European Bank for Reconstruction and Development (EBRD) and select sub-regional development banks in comparison to the World Bank Group. This work will be of great interest to students and scholars of IPE, IR and Development Studies.

Global Economic Governance and the Development Practices of the Multilateral Development Banks

Global Economic Governance and the Development Practices of the Multilateral Development Banks PDF Author: Susan Park
Publisher: Routledge
ISBN: 1317568559
Category : Political Science
Languages : en
Pages : 258

Get Book Here

Book Description
As pillars of the post-1945 international economic system the Regional and Sub-Regional Development Banks (RSDBs) have long been considered mini-World Banks, reiterating the policy approach of the largest official multilateral development lender in the world. The main objective of the collection is to identify what role the RSDBs play in global economic governance and why. This edited collection draws together cutting edge original research on these understudied institutions. In the burgeoning sub-field of global economic governance as well as the broader study of international organisations (IOs), too often the focus remains on the World Bank and the International Monetary Fund (IMF). Second-order IOs, such as the RSDBs, receive much less attention despite their longevity and regional importance. This volume corrects this oversight by bringing together methodologically diverse research on the RSDBs that interrogates the role and impact of these organisations in global economic governance. The book investigates: the African Development Bank (AfDB); the Asian Development Bank (AsDB); the Inter-American Development Bank (IDB), and the European Bank for Reconstruction and Development (EBRD) and select sub-regional development banks in comparison to the World Bank Group. This work will be of great interest to students and scholars of IPE, IR and Development Studies.

Global Governance and Development

Global Governance and Development PDF Author: José Antonio Ocampo
Publisher: Oxford University Press
ISBN: 0198785941
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
This volume examines the dialogue around global public goods and development cooperation. It asks: how will international cooperation and development institutions be changed? How can we make sure that these global initiatives and institutions are innovating for the better?

The Global Architecture of Multilateral Development Banks

The Global Architecture of Multilateral Development Banks PDF Author: Adrian Robert Bazbauers
Publisher: Routledge
ISBN: 1000361330
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy.

The Global Architecture of Multilateral Development Banks

The Global Architecture of Multilateral Development Banks PDF Author: Adrian Robert Bazbauers
Publisher: Routledge
ISBN: 9781003007128
Category : Political Science
Languages : en
Pages : 312

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Book Description
"This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MBDs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy"--

Perspectives on Development Banks in Africa

Perspectives on Development Banks in Africa PDF Author: Joshua Yindenaba Abor
Publisher: Springer Nature
ISBN: 3031595114
Category :
Languages : en
Pages : 494

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Book Description


Making Global Economic Governance Effective

Making Global Economic Governance Effective PDF Author: Marina Larionova
Publisher: Routledge
ISBN: 1317102371
Category : Political Science
Languages : en
Pages : 366

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Book Description
Today's world is crowded with international laws and institutions that govern the global economy. This post-World War II accumulation of hard multilateral and soft plurilateral institutions by no means constitutes a comprehensive, coherent and effective system of global economic governance. As intensifying globalization thrusts many longstanding domestic issues onto the international stage, there is a growing need to create at the global level the more comprehensive, coherent and effective governance system that citizens have long taken for granted at home. This book offers the first comprehensive look at this critical question of international relations. It examines how, and how well, the multilateral organizations and the G8 are dealing with the central challenges facing the contemporary international community, how they have worked well and poorly together, and how they can work together more effectively to provide badly needed public goods. It is an ideal reference guide for anyone interested in institutions of global governance.

Losing the Global Development War

Losing the Global Development War PDF Author: John Head
Publisher: BRILL
ISBN: 9047440366
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
This book offers a new perspective in examining the key global economic organizations - the International Monetary Fund, the World Bank (and its regional counterparts), and the World Trade Organization. Aimed at ordinary informed readers, the text draws upon the author's many years of familiarity with these organizations to evaluate them from a legal and policy perspective, touching on issues of "mission creep," "democracy deficit," and more. The book depicts such issues as the central struggles in a "Global Development War" that is now being lost because of certain ideological and institutional failings that currently afflict the global institutions. That war can be won, the author asserts, only by adopting an ideology of liberal, intelligent, participatory, multilateral, and sustainable human development.

Mobilization Effects of Multilateral Development Banks

Mobilization Effects of Multilateral Development Banks PDF Author: Chiara Broccolini
Publisher: International Monetary Fund
ISBN: 1498301061
Category : Business & Economics
Languages : en
Pages : 51

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Book Description
We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling for a large set of fixed effects. We find evidence of positive and significant direct and indirect mobilization effects of multilateral lending on the number of deals and on the total size of bank inflows. The number of lending banks and the average maturity of syndicated loans also increase after MDB lending. These effects are present not only on impact, but they last up to three years and are not offset by a decline in bond financing. There is no evidence of anticipation effects and the results are not driven by confounding factors, such as the presence of large global banks, Chinese lending and aid flows. Finally, the economic effects are sizable, suggesting that MBDs can play a vital role to mobilize private sector financing to achieve the goals of the 2030 Development Agenda.

Multilateral Banks and the Development Process

Multilateral Banks and the Development Process PDF Author: Vinod Thomas
Publisher: Routledge
ISBN: 1351504312
Category : Business & Economics
Languages : en
Pages : 178

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Book Description
A chain is only as strong as its weakest link. When the links in the chain represent development projects, if individual projects fail to achieve their purpose, the development program's effectiveness is compromised. When the chain's links are strong and well-connected, the results are improved for the sector, country, and region. The role of multilateral banks is crucial; they inform the impact of development operations and support policymakers in decision making. This volume emphasizes that some crucial links in development tend to be systematically overlooked. In these matters, preoccupation with the immediate exigencies seems to come at the expense of attention to enduring problems-at a great cost to society. Development practitioners should apply policies that have produced results over time, ensuring that the links in the chain are strong, but too often they overlook those links-because of myopia, complexity, tradition, or special interests. This book will help policy makers and practitioners focus on the links that measure progress, apply lessons, and matter for lasting results.

Multilateralism and Regionalism in Global Economic Governance

Multilateralism and Regionalism in Global Economic Governance PDF Author: Junji Nakagawa
Publisher: Routledge
ISBN: 1136703640
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
Reconciling regionalism and multilateralism is a challenge common to all branches of global economic governance. While the Bretton Woods/GATT (WTO) institutions, decades-old multilateral framework for global economic governance, are facing serious challenges to their effectiveness, regional framework are emerging as complementary or alternative means of global economic governance. The real challenge is how to reconcile multilateralism and regionalism in global economic governance. This book tackles this problem by analysing issues of multilateral/regional conciliation and coordination in global economic governance, focusing on Asia. Chapters of the book deal with challenges of multilateralism and regionalism in three fields of global economic governance, namely, global monetary/financial governance, global trade governance, and global investment governance. The major regional focus is on Asia, though some chapters deal with regionalism in Europe and North America. Topics include Asian Monetary Fund and Asian financial architecture, open accession provisions of regional trade agreements, and APEC’s role in multilateral investment rules. As a whole, the book elucidates the contemporary reach of Asian regionalism in global economic governance, and shows the neat balance between regionalism and multilateralism in global economic governance. It is of particular use to the students and practitioners of international economic law, international political economy, international finance and international economics, both with and without Asian focus.