Multilateral Development Banks as Regionalising Actors: The Asian Development Bank and the Inter-American Development Bank

The paper argues that regional development banks (RDB) deliberately try to construct their respective regions. Through such actions they also reconstitute themselves as legitimate actors in a specific regional context. Thus they cannot be regarded as merely facilitators of state-led efforts to pursu...

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Bibliographic Details
Published inNew political economy Vol. 8; no. 2; pp. 245 - 261
Main Authors Bull, Benedicte, Bøa§s, Morten
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis Group 01.07.2003
Taylor & Francis Ltd
Subjects
Development banks
Economic development
Economic theory
Integration
International finance
International political economy
Latin America
Non-governmental organizations
Political economy
Political science
Regional integration
Regionalism
Southeast Asia
Studies
Asia
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Summary:The paper argues that regional development banks (RDB) deliberately try to construct their respective regions. Through such actions they also reconstitute themselves as legitimate actors in a specific regional context. Thus they cannot be regarded as merely facilitators of state-led efforts to pursue regional integration, but must be viewed as political actors with their own visions and agendas. However, their specific strategies to foster regional integration depend on the resources available to them and the constraints they face in specific regional contexts. This suggests that, in order to understand the regionalizing role of the Asian Development Bank and the Inter-American Development Bank, we need both an understanding of their regional political contexts, and of the specific institutions and their leaders.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:1356-3467
1469-9923
DOI:10.1080/13563460307176