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Hegemony, Aid and Power: A Neo-Gramscian Analysis of the World Bank

Journal Name:

  • European Journal of Economic and Political Studies

Publication Year:

  • 2010

Key Words:

Author NameUniversity of Author
Abstract (2. Language): 
There have been various attempts over the course of recent years in international relations and international political economy literatures to develop theoretically-informed analytical perspectives to conceptualize the changing roles and functions of international institutions. Aimed at contributing to this emerging literature, this study is predicated on an analysis of the World Bank in line with the neo- Gramscian theoretical framework formulated by Robert W. Cox with special reference to the notion of hegemony. To this end, a precise outline of the neo-Gramscian framework as conceived by Cox is presented by referring to his conceptions of critical theory and complex multilateralism. Afterwards, the advisory and financial roles of the World Bank are described along with the major points of criticism raised against this critical institution. Regarding the prospects for transformation and institutional reform at the Bank, a crucial case-study conducted by Robert O’Brien is highlighted pertaining to interactions between global economic institutions and global social movements. The study concludes by presenting broader remarks from the Coxian/Neo-Gramscian perspective concentrating on the impact of social pressures on the transformation of institutional structures that make up the global governance architecture.
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  • English

REFERENCES

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