Owning Development Creating Policy Norms in the IMF and the World Bank [Hardcover]

This book examines the sources of change within the International Monetary Fund and the World Bank.This book analyses the capacity of the International Monetary Fund and the World Bank to change. Using archival and interview data across nine cases, the authors trace the policy process to examine how, and under what conditions, state and non-state actors trigger norm change within international organizations.This book analyses the capacity of the International Monetary Fund and the World Bank to change. Using archival and interview data across nine cases, the authors trace the policy process to examine how, and under what conditions, state and non-state actors trigger norm change within international organizations.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.Part I. Introduction: 1. Owning development: creating policy norms in the IMF and the World Bank Susan Park and Antje Vetterlein; Part II. Norm Emergence: 2. Internal or external norm champions: the IMF and multilateral debt relief Bessma Momani; 3. From three to five: the World Bank's pension refolsA