Malik, Rabia and Stone, Randall W (2018) Corporate Influence in World Bank Lending. The Journal of Politics, 80 (1). pp. 103-118. DOI https://doi.org/10.1086/694102
Malik, Rabia and Stone, Randall W (2018) Corporate Influence in World Bank Lending. The Journal of Politics, 80 (1). pp. 103-118. DOI https://doi.org/10.1086/694102
Malik, Rabia and Stone, Randall W (2018) Corporate Influence in World Bank Lending. The Journal of Politics, 80 (1). pp. 103-118. DOI https://doi.org/10.1086/694102
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 |
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Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Government, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 12 Nov 2020 14:53 |
Last Modified: | 06 Jan 2022 14:19 |
URI: | http://repository.essex.ac.uk/id/eprint/29065 |
Available files
Filename: Malik_WritingSampleJOP.pdf