Owning Development: Creating Policy Norms in the IMF and the World Bank
Author(s): Susan Park (Editor), Antje Vetterlein
Publisher: Cambridge University Press
Publication Date: August 30, 2012
Language: English
Print length: 306 pages
ISBN-10: 1107407044
ISBN-13: 9781107407046
Book Description
As pillars of the post-1945 international economic system, the International Monetary Fund (IMF) and the World Bank are central to global economic policy debates. This book examines policy change at the IMF and the World Bank, providing a constructivist account of how and why they take up ideas and translate them into policy, creating what we call ‘policy norms’. The authors compare processes of policy emergence and change and, using archival and interview data, analyse nine policy areas including gender, debt relief, and tax and pension reform. Each chapter traces the policy norm process in order to shed light on the main sources and mechanisms for norm change within international organisations. Owning Development details the strength of these policy norms which emerge, then either stabilise or decline. The book establishes valuable insights into the strength of current development policies propounded by international organisations and the possibility for change.
Editorial Reviews
Review
“A carefully crafted and researched anthology that will be a ‘must read’ for anyone interested in international institutions and their policies in the post-Washington consensus period. It should also be read with profit by those interested in the role of ideas in policy making, as it goes well beyond the dominant ‘diffusion’ or ‘internalization’ approaches, and thus opens up a new research agenda.” Friedrich Kratochwil, Professor of International Relations, European University Institute
“This very strong volume makes a clear and distinct theoretical contribution in exploring how the World Bank and International Monetary Fund adopt and spread norms. The individual chapters are based on an impressive amount of interview and archive material, written by authors with deep expertise in the field. The book marks a major contribution to the study of international organizations and international relations theory more generally.” Jason Sharman, Professor, Centre for Governance and Public Policy, Griffith University
“In this book Park and Vetterlein have assembled the next generation of academic leaders in international relations and political economy. They take the study of international organization to a higher plane of insight by analyzing the internally generated ideas and norms of the IMF and World Bank that drives global policy.” Diane Stone, Professor of Politics & International Studies, University of Warwick; Professor of Public Policy, Central European University; Winthrop Professor in Politics & International Relations, University of Western Australia
Book Description
This book examines the sources of change within the International Monetary Fund and the World Bank.
About the Author
Susan Park is a Senior Lecturer of International Relations at the University of Sydney. She is the author of World Bank Group Interactions with Environmentalists (2010). Dr Park has published widely on change in international financial institutions.
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