Reimagining the world bank: global public goods in an age of crisis/ Dominik Kopiński and Marek Wróblewski
Material type:
TextPublication details: 2021Subject(s): Online resources:
In:
World Affairs Vol 184 No 2, Summer 2021, pp.151-175 (55)Summary: For some time now, there has been a push for the World Bank to shift its focus toward global public goods (GPGs). These are goods that, once delivered, can be unrestrictedly consumed by most-if not all-countries on the planet. Nor are their benefits rivalrous. Moreover, the production of GPGs cannot be left to markets or individual countries, as these have suboptimal incentives to act. In the wake of the COVID-19 outbreak, the concept of GPGs has seen a revival of sorts, with the pandemic not only striking just as multilateralism was at its lowest ebb, but also serving as irrefutable proof that the world needs international collaboration now more than ever. Multilateral institutions, and in particular the World Bank-a leading global institution with global membership-can rightfully be regarded as a possible solution to many global challenges. Based on interviews conducted with World Bank senior staff, as well as numerous experts, this article discusses arguments in favor of such a strategic shift. While there are legitimate claims for the Bank becoming a full-fledged provider of GPGs, the institution's historical roots and operational constraints make this an unlikely prospect.
| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal Article | Mindef Library & Info Centre Journals | COVID-19 (Browse shelf(Opens below)) | 1 | Not for loan | 66878.1001 |
Browsing Mindef Library & Info Centre shelves, Shelving location: Journals Close shelf browser (Hides shelf browser)
For some time now, there has been a push for the World Bank to shift its focus toward global public goods (GPGs). These are goods that, once delivered, can be unrestrictedly consumed by most-if not all-countries on the planet. Nor are their benefits rivalrous. Moreover, the production of GPGs cannot be left to markets or individual countries, as these have suboptimal incentives to act. In the wake of the COVID-19 outbreak, the concept of GPGs has seen a revival of sorts, with the pandemic not only striking just as multilateralism was at its lowest ebb, but also serving as irrefutable proof that the world needs international collaboration now more than ever. Multilateral institutions, and in particular the World Bank-a leading global institution with global membership-can rightfully be regarded as a possible solution to many global challenges. Based on interviews conducted with World Bank senior staff, as well as numerous experts, this article discusses arguments in favor of such a strategic shift. While there are legitimate claims for the Bank becoming a full-fledged provider of GPGs, the institution's historical roots and operational constraints make this an unlikely prospect.
COVID-19, HEALTH
There are no comments on this title.