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Corporate Influence in World Bank Lending

Malik, Rabia and Stone, Randall W (2018) 'Corporate Influence in World Bank Lending.' The Journal of Politics, 80 (1). pp. 103-118. ISSN 0022-3816

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Abstract

The World Bank withholds loan disbursements in order to build a reputation for enforcing conditionality, and multinational firms lobby for these funds to be released. Using data drawn from World Bank reports, we find evidence that (1) participation by Fortune 500 multinational corporations as project contractors and (2) investments by these firms are associated with disbursements that are unjustified by project performance. In addition, these measures of corporate interest are associated with inflated project evaluations. These effects are limited to multinational corporations headquartered in the United States or Japan, suggesting that the influence of private actors depends on access to particular national policy networks. In contrast to the evidence of corporate influence, we find no consistent evidence of geopolitical influences.

Item Type: Article
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Government, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 12 Nov 2020 14:53
Last Modified: 06 Jan 2022 14:19
URI: http://repository.essex.ac.uk/id/eprint/29065

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