Cooperating Through Competition
EU Challenge and Support to the World Bank Focality in Multilateral Development Finance
Bibliographic Data
| ID | 21793307 |
|---|---|
| Authors | Eugenia Baroncelli (0000-0002-1058-5271, University of Bologna, corresponding author) |
| Year | 2021 |
| Volume | 12 |
| Issue | S4 |
| Pages | 80-89 |
| Publication date | 2021-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Policy (JOURNAL) |
| Journal identifiers | ISSN: 1758-5880 • E-ISSN: 1758-5899 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1758-5899.12916 |
| OpenAlex | W3162868784 |
| Language | EN |
| Citations received | 5 |
| References cited | 24 |
Building on previous research on the relations between the European Union (EU) and the World Bank, this paper contributes to the debate on the World Bank focality in the regime complex for multilateral development finance. Adopting a historical‐institutionalist perspective, the analysis focuses on the determinants and mechanisms of micro‐institutional changes that have occurred in the context of EU‐World Bank's interaction in non‐core lending, particularly in World Bank trust funds and EU blending facilities. Most of the existing literature has focused on the ascendancy of new regional development banks outside the Bretton Woods camp, qualifying it as mostly conflicting or mostly cooperative. In contrast, this paper contends that a challenge has arisen also from within the group of core Bretton Woods‐inspired institutions. In addition, it shows how the EU has both competed and cooperated with the World Bank in the area of fiduciary funding, across three broad phases, and in response to specific critical junctures and tipping points. The EU’s innovation and quest for leadership in blended finance has replicated the World Bank’s good practices on some counts, yet it has also challenged its focality in non‐core lending
Business · Economics · European union · Fiduciary · Geography · International trade · Political science · International Development and Aid · Law · Religion, Society, and Development · State Capitalism and Financial Governance · Finance
Delegation and Agency in International Organizations
The European Union as a Global Actor
Owning Development
Who Governs the Globe?
The European Union and International Development
Aid, Policies, and Growth
The Rise of International Regime Complexity
Explaining coherence in international regime complexes
The Rise of China
The EU at the World Bank
Introduction
Angling for Influence
Your Place or Mine? Institutional Capture and the Creation of Overlapping International Institutions
The Study of Critical Junctures
Perspectives on the emerging role of the Asian Infrastructure Investment Bank
The World Bank
| Citations per year | 1.67 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |