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Orchestrating private investors for development: How the World Bank revitalizes
Regulation & Governance ( IF 3.203 ) Pub Date : 2021-08-08 , DOI: 10.1111/rego.12432
Eugénia Conceição‐Heldt 1 , Thomas Dörfler 2
Affiliation  

Confronted with a new wave of criticism on the in effectiveness of its development programs, the World Bank embarked on a revitalization process, turning to private investors to finance International Development Association projects and widening its mandate. To explain these adaptation strategies of the World Bank to regain relevance, this piece draws on organizational ecology and orchestration scholarship. We contend that international organizations rely on two adaptation mechanisms, orchestration and scope expansion, when they lose their role as focal actors in an issue area. We find that the World Bank has indeed lost market share and has relied on these two mechanisms to revitalize itself. We show that the World Bank responded to changes in the environment by orchestrating a private sector-oriented capital increase, prioritizing private funding for development through a “cascade approach,” and expanding the scope of its mandate into adjacent domains of transnational governance, including climate change and global health.

中文翻译:

协调私人投资者促进发展:世界银行如何振兴

面对对其发展计划有效性的新一轮批评,世界银行开始了振兴进程,转向私人投资者为国际开发协会项目提供资金并扩大其授权范围。为了解释世界银行的这些适应策略以重新获得相关性,这篇文章借鉴了组织生态学和编排学术。我们认为,当国际组织在某个问题领域失去作为焦点参与者的角色时,它们依赖于两种适应机制,即协调机制和范围扩展。我们发现,世界银行确实失去了市场份额,依靠这两种机制来振兴自己。我们表明,世界银行通过协调以私营部门为导向的增资来应对环境变化,
更新日期:2021-08-08
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