The World Bank and Global Managerialism

By Jonathan Murphy

© 2007 – Routledge

208 pages | 11 B/W Illus.

Purchasing Options:
Paperback: 9780415759557
pub: 2014-05-18
US Dollars$54.95
x
Hardback: 9780415412698
pub: 2007-11-28
US Dollars$190.00
x

About the Book

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.

Table of Contents

Introduction 1. Towards a Theory of Global Managerialism 2. The Genetic Code of Global Managerialism 3. The Poverty Bank 4. The Managerial Bank 5. The Bank, Global Social Policy and Civil Society 6. The Bank and the Private Sector. Conclusion

About the Author

Jonathan Murphy is Lecturer in International Management at Cardiff Business School, Wales.

About the Series

Routledge Studies in International Business and the World Economy

As ever-increasing proportion of the world's business takes place across national borders, the need to understand the motive forces behind international business becomes greater. Transnationals are now, in many cases, as important as national governments in shaping trade flows and economic trends. As this series demonstrates, international business is not just the preserve of the largest companies, but impacts on all aspects of business and economic activity. This series is essential reading for policy makers as well as researchers in international business and applied international economics.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS035000
BUSINESS & ECONOMICS / International / General
POL024000
POLITICAL SCIENCE / Public Policy / Economic Policy