Beyond Pro Liberal Conventional Wisdom that dominates the World Bank: Insights from Historical and Discursive Institutionalism

Kingah, Stephen and Papanagnou, Georgios (2012). Beyond Pro Liberal Conventional Wisdom that dominates the World Bank: Insights from Historical and Discursive Institutionalism. UNU-CRIS Working Papers. United Nations University Institute on Comparative Regional Integration Studies.

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  • Sub-type Working paper
    Author Kingah, Stephen
    Papanagnou, Georgios
    Title Beyond Pro Liberal Conventional Wisdom that dominates the World Bank: Insights from Historical and Discursive Institutionalism
    Series Title UNU-CRIS Working Papers
    Volume/Issue No. W-2012/10
    Publication Date 2012
    Place of Publication Bruges
    Publisher United Nations University Institute on Comparative Regional Integration Studies
    Pages 34
    Language En
    Abstract On 16 April 2012 the World Bank’s (the Bank) Board of Executive Directors approved the nomination of Dr Jim Yong Kim as the new president of the World Bank Group. It is not surprising that, as an American, Dr Kim was selected. After all, the US remains the dominant shareholder and the only country with de facto veto power. What actually made news was the background of Dr Jim as well as the process that led to his nomination’s approval. The new president of the Bank is a Korean born US citizen and Harvard trained physician who led efforts to combat aids while he was leader of the aids unit of the World Health Organization. So, importantly he comes with a new face and history to the Bank, at a time when demands have been made to see the increased relevance of emerging economies reflected in the Bank’s governance. Although Dr Kim is a US citizen, few doubt President Obama’s skill to use this appointment to signal to the world that the face of power, especially economic power, is now moving towards Asia. It is unclear at present whether or not the face of the Bank alters in complexity concerning its ability to pull and pool funds, as well as in the process of accepting the institution as a leader in development.
    Copyright Holder United Nations University
    Copyright Year 2012
    Copyright type All rights reserved
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    Created: Fri, 18 Apr 2014, 15:52:24 JST