Regional development banks (RDB) have become increasingly important
in the world economy, but have also been relatively
under-researched to date. This timely volume addresses this lack of
attention by providing a comprehensive, comparative, and
empirically informed analysis of their origins, evolution, and
contemporary role in the world economy through to the second decade
of the twenty-first century. In Regional Development Banks in the
World Economy, the editors provide an analytical framework that
includes a revised categorisation of RDB by geographic operation
and function. Part one offers detailed analyses of the origins,
evolution, and contemporary role of the major RDB, including the
Inter-American Development Bank, the African Development Bank, the
Asian Development Bank, the European Investment Bank, the Central
American Bank, the Andean Development Corporation, the European
Bank for Reconstruction and Development, and the Asian
Infrastructure Investment Bank. Part two offers comparative
analyses of key topics on RDB, examining their initial design and
their changing business models, their shifting role in promoting
policies supported by the United States as hegemon and the private
sector. The volume ends with a critical reflection on the role
played by RDB to date and a strong defence of the need for these
banks in an increasingly complex world economy.
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