In recent years, a great deal of scholarly and popular ink has
been spilled on the subject of globalization. Relatively few
scholars have addressed the political sociology of globalization,
and specifically, the emergence of global class formations and a
nascent global governance framework. This book is a contribution
towards redressing this imbalance.
The book traces the emergence of the World Bank as a key driver
of globalization, and as a central source of an evolving form of
elite-driven transnational governance which the author describes as
global managerialism . The book argues that the Bank has expanded
its sphere of activity far beyond provision of low-cost capital for
development projects, and plays a central role in pursuing global
economic and social policy homogenization. The World Bank and
Global Managerialism features a new theoretical approach to
globalization, developed through an analytical exposition of the
key stages in the institution s growth since its creation at the
Bretton Woods conference of 1944. The author details the
contemporary Bank s central policy framework, which includes the
intertwining of public and private initiatives and the extension of
global governance into ever-wider policy and geographic spheres. He
also argues that contemporary globalization marks the emergence of
a transnational elite, straddling the corporate, government, and
civil society sectors. The book provides two detailed case studies
that demonstrate the practical analytical utility of the theory of
global managerialism.
The theoretical approach provides a robust but flexible
framework for understanding contemporary global development. It is
essential reading for courses in areas such as International
Organizations, Global Political Economy, and Globalization and its
Discontents, and is also relevant to students of development policy
and international economic architecture, among others.
General
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