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Orchestrating private investors for development

  • 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.

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Author details:Eugenia C. Heldt, Thomas DörflerORCiDGND
DOI:https://doi.org/10.1111/rego.12432
ISSN:1748-5983
Title of parent work (English):Regulation & governance
Subtitle (English):how the World Bank revitalizes
Publisher:Wiley-Blackwell
Place of publishing:Hoboken, NJ
Publication type:Article
Language:English
Date of first publication:2021/08/08
Publication year:2021
Release date:2024/05/06
Tag:World Bank; development; orchestration; organizational ecology; private investors
Volume:16
Issue:4
Number of pages:17
First page:1382
Last Page:1398
Organizational units:Wirtschafts- und Sozialwissenschaftliche Fakultät / Sozialwissenschaften / Fachgruppe Politik- & Verwaltungswissenschaft
DDC classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
3 Sozialwissenschaften / 34 Recht / 340 Recht
Peer review:Referiert
Publishing method:Open Access / Hybrid Open-Access
License (German):License LogoCC-BY-NC-ND - Namensnennung, nicht kommerziell, keine Bearbeitungen 4.0 International
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