Explaining coherence in international regime complexes: How the World Bank shapes the field of multilateral development finance
| Autor: | Heldt, Eugénia C., Schmidtke, Henning |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Internationale Beziehungen
International relations World Bank Group Bretton Woods System Internationale Bankenkooperation internationale Beziehungen Entwicklungspolitik International Relations International Politics Foreign Affairs Development Policy Geld Kredit Bank Versicherung Weltbank Kooperation internationale Zusammenarbeit internationale Organisation internationales Regime internationale Beziehungen Finanzpolitik money credit bank insurance World Bank cooperation international cooperation international organization international regime international relations fiscal policy 10500 |
| Zdroj: | Review of International Political Economy, 26, 6, 1160-1186 |
| Druh dokumentu: | Zeitschriftenartikel<br />journal article |
| ISSN: | 1466-4526 |
| DOI: | 10.1080/09692290.2019.1631205 |
| Popis: | The landscape of multilateral development finance has changed dramatically in the past decades. At Bretton Woods, delegates envisioned the World Bank as the focal organization mobilizing financial support for national development strategies. Today, this issue area is populated by no less than 27 multilateral development banks including the Asian Infrastructure Investment Bank and the New Development Bank created under Chinese leadership. This paper shows that, despite this institutional proliferation, the development finance regime remains largely coherent and core governance features designed at Bretton Woods continue to shape the emerging regime complex. We develop a historical institutionalist argument for why newly created institutions are likely to imitate extant institutions. We suggest that states add new institutions not only in response to deficiencies in extant institutions but also to increase their control and reputation. We analyze three causal pathways - path-dependence, orchestration, and independent learning - that contribute to a coherent regime complex. We show that focal international organizations can use their position to prevent incoherence. |
| Databáze: | SSOAR – Social Science Open Access Repository |
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