Political-Economic Comparison of The World Bank and The New Development Bank
Downloads
Although stated as one of the influential actors in international relations and discussed in many previous studies, MDB had yet to be comprehensively depicted. Through this research, the author intended to fill this gap by comparing the World Bank as a traditional MDB and the New Development Bank as a Neo MDB within the international economic order. By comparing the political and economic anatomy such as ownership structure, distribution of voting power in decision-making, establishment objectives, types of financing services, operational coverage, sources of funding, private sector options, and service customization and examining them using an organizational political-economy approach, the author found both MDBs had significant differences in carrying out their functions as cross-border financial institutions.
Batista, P. N. (2022). The BRICS and the Financing Mechanisms They Created: Progress and Shortcomings. London: Anthem Press. https://doi.org/10.2307/j.ctv207pj6m
Bayliss, K., Fine, B., & Van Waeyenberge, E. (Eds.). (2011). The Political Economy of Development: The World Bank, Neoliberalism and Development Research. London: Pluto Press.
Ben-Artzi, R. (2016). Origins, Politics and Structure of Regional Development Banks. In Regional Development Banks in Comparison: Banking Strategies Versus Development Goals. Cambridge: Cambridge University Press.
Bertelsmann-Scott, T., Prinsloo, C., Sidiropoulos, E., Wentworth, L., & Wood, C. (2016). The New Development Bank: Moving the BRICS from an Acronym to an Institution (SAIIA Occasional Paper No. 233).
Brown, E., Milward, B., Mohan, G., & Zack-Williams, A. B. (2000). Structural Adjustment: Theory, Practice and Impacts. London: Routledge.
Clifton, J., Diaz Fuentes, D., & Howard, D. J. (2021). Regional Development Banks in the World Economy. In Regional Development Banks in the World Economy. Oxford: Oxford University Press.
Delikanli, I. U., Dimitrov, T., & Agolli, R. (2018). Introduction. In Multilateral Development Banks: Governance and Finance. Cham: Springer International Publishing.
Dreher, A., & Michaelowa, K. (2008). The Political Economy of International Organizations. Review of International Organizations, 3(4), 331–334. https://doi.org/10.1007/s11558-008-9049-y
Faure, R., Prizzon, A., & Rogerson, A. (2015). Multilateral development banks. London: Overseas Development Institute.
Ferroni, M. (2002). Regional public goods: The comparative edge of regional development banks. In a conference on Financing for Development: regional Challenges and the regional Development Banks at the Institute for International Economics. https://www.piie.com/sites/default/files/publications/papers/ferroni0202.pdf.
Jakupec, V. (2017). Development aid”Populism and the end of the Neoliberal Agenda. Springer. https://doi.org/10.1007/978-3-319-72748-6
Lindbaek, J., Pfeffermann, G., & Gregory, N. (1998). The evolving role of multilateral development banks: History and prospects. European Investment Bank, 3(2), 60-81. https://hdl.handle.net/10419/44756
Please, S. (1994). From Structural Adjustment to Structural Transformation. In W. Van Der Geest (Ed.), Negotiating Structural Adjustment in Africa (pp. 14–24). London: James Currey Publishers.
Ray, K. (1998). Neoliberalism Revised? A Critical Account of World Bank Conceptions of Good Governance and Market Friendly Intervention. International Journal of Health Services, 28(4), 683–702. http://www.jstor.org/stable/45131771
Sarkar, A. N. (2016). BRICS New Development Bank: A Game-changer for the Emerging Economies. New Delhi: Avon Publications.
Sharma, P. A. (2017). Robert McNamara's other war: the World Bank and international development. Philadelphia: University of Pennsylvania Press.
Silverman, B. S. (2017). Organizational Economics. In The Blackwell Companion to Organizations (pp. 467–493). Oxford: Blackwell Publishers Ltd. https://doi.org/10.1002/9781405164061.ch20
The World Bank. (2006). Understanding Socio-economic and Political Factors to Impact Policy Change. Washington, D.C.: The International Bank for Reconstruction and Development.
Wang, H. (2017). New Multilateral Development Banks: Opportunities and Challenges for Global Governance. Global Policy, 8(1), 113-118. https://doi.org/10.1111/1758-5899.12396
Copyright (c) 2024 Yeremia Nicolaus Widjanarko
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
JIET (Jurnal Ilmu Ekonomi Terapan) (p-ISSN: 2541-1470; e-ISSN: 2528-1879) is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
Authors who publish with JIET (Jurnal Ilmu Ekonomi Terapan) agree to the following terms:
- The journal allows the author to hold the copyright of the article without restrictions.
- The journal allows the author(s) to retain publishing rights without restrictions
- The legal formal aspect of journal publication accessibility refers to Creative Commons Attribution ShareAlike 4.0 International License (CC BY-SA).