World Bank 's Anti Corruption Policy Essay

1917 Words Apr 23rd, 2015 8 Pages
This literature review will address the idea of World Bank’s Anti-Corruption policy in order to address whether it can be improved through the adoption of a Political Economy Analysis (PEA) framework. In 1996, the President of the World Bank, John Wolfensohn addressed the ‘cancer of corruption’ as a major impediment to growth. Since then the World Bank has had a mounting concern over corruption. Today, the Bank’s anti-corruption strategies incorporate concerns over ‘good governance’, particularly in underdeveloped countries. The World Bank has since employed a stakeholder approach to address the political dimension of creating ‘good’ governance. Yet academics and policy makers agree the World Bank’s anti-corruption initiatives continue to reject the need to integrate politics into their work. Corruption and governance are by nature inherently political issues. Scholars’ have criticized the Bank’s reform strategies for being based predominantly in economic considerations (Khan: 2002, Marquette: 2004). This is illustrated though arguments that anti-corruption approaches continue to be based in economic rationalism (Ackerman: 2006). I will observe this in the context of the political pressure that governs the World Bank’s mandate, and its limited adoption of political analysis (Nunberg etal; 2010). Then, I look at corruption as a moral category where, in order for undeveloped countries to achieve ‘good governance’, developing countries must follow a set of prescribed liberal…

Related Documents