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Beyond US Hegemony in International Development - The Contest for Influence at the World Bank (Paperback)
Loot Price: R1,166
Discovery Miles 11 660
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Beyond US Hegemony in International Development - The Contest for Influence at the World Bank (Paperback)
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Total price: R1,186
Discovery Miles: 11 860
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China's initiative to establish the Asian Infrastructure Investment
Bank (AIIB), attracting membership from G7 countries against the
vocal opposition of the United States, has been recognised as a
significant moment in an ongoing hegemonic transition. This book
examines how power transitions have played out in the World Bank
over the last five decades, offering the first authentic account of
the international diplomacy behind donor financing of the World
Bank's International Development Association (IDA). Jiajun Xu
decodes how the United States amplified its influence at the World
Bank despite its flagging financial contributions to IDA. She
further demonstrates that the widening influence-to-contribution
disparity provoked other donors into taking 'exit/voice' measures,
contesting the hegemon's legitimacy. A rising China initially
decided to become an IDA donor, seeking influence from within.
However, the entrenched hegemonic position of the United States in
World Bank governance drove China to initiate the AIIB and New
Development Bank, putting competitive pressures on the US-centred
multilateral institutions to adapt.
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