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Too global to fail - the World Bank at the intersection of national and global public policy in 2025 (Paperback)
Loot Price: R1,191
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Too global to fail - the World Bank at the intersection of national and global public policy in 2025 (Paperback)
Series: Directions in development
Expected to ship within 18 - 22 working days
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This book is about global public goods (GPGs), particularly those
related to the environment, in the context of the global
development process. We, the co-editors of this volume, are
concerned with the long-term sustainability of development, as the
distinction between developing and developed countries is expected
to continue for the foreseeable future. We contend that global
sustainability depends on indeed, consists of the provision of
certain GPGs, and that the prevailing approach to development
assistance does not sufficiently recognize this fact. A key
question is whether the country-ownership model is even compatible
with global sustainability. A second key question is whether the
political will exists to make the provision of GPGs an explicit and
central objective of official development assistance especially in
the face of objections from those who believe aid should be solely
concerned with the eradication of poverty through national or
community-level interventions. A third key question concerns the
mobilization and use of resources for the World Bank s work to
support the provision of GPGs. The Bank is a major player on many
regional and global issues, but its work at these levels is usually
enabled by donor contributions, most often in the form of grants,
targeted for a particular purpose. International development
assistance needs to undergo a major transition, such that it takes
as an explicit and principal objective the provision of GPGs
important for development. The World Bank can play a leadership
role in this transition, working within new kinds of coalitions but
not abandoning the fundamentals of its operating model. Some of the
most important GPGs are provided through the separate and
cumulative actions of multiple countries, so the challenge for the
Bank is to find ways of investing strategically and sharing
knowledge across countries, while keeping faith with their national
development strategies, so as to achieve maximum global impacts.
The World Bank can also play a unique role in stimulating the
private provision of GPGs through risk-sharing and market
creation."
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