IDEAS home Printed from https://ideas.repec.org/a/taf/cnpexx/v22y2017i5p496-520.html
   My bibliography  Save this article

The World Bank and Emerging Powers: Beyond the Multipolarity–Multilateralism Conundrum

Author

Listed:
  • Ali Burak Güven

Abstract

The discrepancy between the increasingly multipolar world economy of the recent decades and the stubbornly limited representativeness of the organisations mandated with its governance causes much strain in global politics. Some scholars suggest that this chronic mismatch will undermine existing multilateral bodies, while others expect the present architecture to persist. This article contends that the outcomes of this challenge are institution-specific. In settings where significant operational realignments are possible within existing mandates and governance structures, the multipolarity–multilateralism conundrum could be partly mitigated. The argument is based on a thematic analysis of all IBRD-IDA loan commitments between 2002 and 2015 in the World Bank’s seven all-time top borrowers: Argentina, Brazil, China, India, Indonesia, Mexico and Turkey (collectively, the Big Seven). The key finding is that while these emerging countries remain the Bank’s biggest clients, the terms of their engagement have shifted precisely along the lines where they had already differed from the rest of the Bank’s clientele: away from politically onerous governance and institutional reforms, and towards developing physical and market infrastructure while attaining social sustainability. This implicit realignment is facilitated by the Bank’s diverse policy repertoire, which allows considerable inter-regional and intra-regional variation in lending patterns to accommodate member preferences.

Suggested Citation

  • Ali Burak Güven, 2017. "The World Bank and Emerging Powers: Beyond the Multipolarity–Multilateralism Conundrum," New Political Economy, Taylor & Francis Journals, vol. 22(5), pages 496-520, September.
    • Handle: RePEc:taf:cnpexx:v:22:y:2017:i:5:p:496-520
    DOI: 10.1080/13563467.2017.1257596
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13563467.2017.1257596
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13563467.2017.1257596?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. World Bank, 2002. "The World Bank Annual Report 2002," World Bank Publications - Books, The World Bank Group, number 13931.
    2. Independent Evaluation Group, 2011. "World Bank Country-Level Engagement on Governance and Anticorruotion : An Evaluation of the 2007 Strategy and Implementation Plan," World Bank Publications - Books, The World Bank Group, number 15796.
    3. World Bank, 2012. "Transformation through Infrastructure," World Bank Publications - Books, The World Bank Group, number 26768.
    4. World Bank, 2002. "The World Bank Annual Report 2002," World Bank Publications - Books, The World Bank Group, number 13932.
    5. World Bank, 2015. "Federative Republic of Brazil," World Bank Publications - Reports 23811, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pier Luigi Sacco & Alex Arenas & Manlio De Domenico, 2022. "The resilience of the multirelational structure of geopolitical treaties is critically linked to past colonial world order and offshore fiscal havens," Papers 2203.00618, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jeffrey Frankel & David Parsley & Shang-Jin Wei, 2012. "Slow Pass-through Around the World: A New Import for Developing Countries?," Open Economies Review, Springer, vol. 23(2), pages 213-251, April.
    2. Holvoet, N. & Renard, Robrecht, 2007. "Monitoring and evaluation under the PRSP: Solid rock or quicksand?," Evaluation and Program Planning, Elsevier, vol. 30(1), pages 66-81, February.
    3. Heberer, Thomas & Taube, Markus, 2002. "China, the European Union and the United States of America: Partners or competitors?," Working Papers on East Asian Studies 45/2002, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    4. Schiff, Maurice, 2004. "On the Inefficiency of Inequality," IZA Discussion Papers 1283, Institute of Labor Economics (IZA).
    5. Schwartz, Robert & Mayne, John, 2005. "Assuring the quality of evaluative information: theory and practice," Evaluation and Program Planning, Elsevier, vol. 28(1), pages 1-14.
    6. repec:zbw:bofitp:2002_009 is not listed on IDEAS
    7. World Bank, 2006. "Management and Evaluation within the Plano Plurianual : Institutionalization without Impact?," World Bank Publications - Reports 12329, The World Bank Group.
    8. Sanford, Jonathan E., 2004. "IDA Grants and HIPC Debt Cancellation: Their Effectiveness and Impact on IDA Resources," World Development, Elsevier, vol. 32(9), pages 1579-1607, September.
    9. Renato Filosa, 2004. "Monetary and real shocks, the business cycle and the value of the euro," BIS Working Papers 154, Bank for International Settlements.
    10. Tripta Thakur & Shobhit Kaushik, 2004. "Regional Power Market for Energy Development in South Asia: Some Issues," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 5(2), pages 301-310, September.
    11. Imbriani, Cesare & Morone, Piergiuseppe, 2007. "Knowledge Opportunities and ICT – A Middle Income Country Experience between Growth and Inequality," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 60(4), pages 489-516.
    12. Khiaonarong, Tanai, 2003. "Payment systems efficiency, policy approaches, and the role of the central bank," Research Discussion Papers 1/2003, Bank of Finland.
    13. Camila Saraiva, 2022. "Disassembling connections: A comparative analysis of the politics of slum upgrading in eThekwini and São Paulo," Urban Studies, Urban Studies Journal Limited, vol. 59(8), pages 1618-1635, June.
    14. Bonin, John & Wachtel, Paul, 2002. "Financial sector development in transition economies : Lessons from the first decade," BOFIT Discussion Papers 9/2002, Bank of Finland, Institute for Economies in Transition.
    15. Nagesh Kumar, 2005. "Towards a Broader Asian Community : Agenda for the East Asia Summit," Macroeconomics Working Papers 22107, East Asian Bureau of Economic Research.
    16. Silke Haarich & Jaime del Castillo, 2004. "Development of Evaluation Systems – Evaluation Capacity Building in the Framework of the New Challenges of EU Structural Policy," ERSA conference papers ersa04p216, European Regional Science Association.
    17. Boyer, Robert, 2007. "Capitalism Strikes Back: Why and What Consequences for Social Sciences?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 1.
    18. repec:zbw:bofrdp:2003_001 is not listed on IDEAS
    19. Goes, Anne & Skees, Jerry R., 2003. "Financing Natural Disaster Risk Using Charity Contributions And Ex Ante Index Insurance," 2003 Annual meeting, July 27-30, Montreal, Canada 22188, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Wil Hout & Lydeke Schakel, 2014. "SGACA: The Rise and Paradoxical Demise of a Political-Economy Instrument," Development Policy Review, Overseas Development Institute, vol. 32(5), pages 611-630, September.
    21. Thierry Giordano, 2014. "Multi-level integrated planning and greening of public infrastructure in South Africa," Planning Theory & Practice, Taylor & Francis Journals, vol. 15(4), pages 480-504, December.
    22. Paul Langley, 2018. "Frontier financialization: Urban infrastructure in the United Kingdom," Economic Anthropology, Wiley Blackwell, vol. 5(2), pages 172-184, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cnpexx:v:22:y:2017:i:5:p:496-520. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/cnpe20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.