ABSTRACT

This edited book provides a contemporary, critical and thought-provoking analysis of the internal and external threats to Western multilateral development finance in the twenty-first century. It draws on the expertise of scholars with a range of backgrounds providing a critical exploration of the neoliberal multilateral development aid.

The contributions focus on how Western institutions have historically dominated development aid, and juxtapose this hegemony with the recent challenges from right-wing populist and the Beijing Consensus ideologies and practices. This book argues that the rise of right-wing populism has brought internal challenges to traditional powers within the multilateral development system.  External challenges arise from the influence of China and regional development banks by providing alternatives to established Western dominated aid sources and architecture. From this vantagepoint, Rethinking Multilateralism in Foreign Aid puts forward new ideas for addressing the current global social, political and economic challenges concerning multilateral development aid. 

This book will be of interest to researchers, academics and students in the field of International Development and Global Governance, decision-makers at government level as well as to those working in international aid institutions, regional and bilateral aid agencies, and non-governmental organisations.

chapter 1|10 pages

Multilateralism and development aid

Concepts and practices

chapter 2|20 pages

Multilateralism, global development

Unpacking the megatrends

chapter 3|15 pages

Populism and a new world order

chapter 5|15 pages

Seventy-five years of financing and advising development

Perspectives on work of the Bretton Woods institutions and Africa’s chequered development

chapter 6|15 pages

The Washington Consensus and global civil society

The road traversed

chapter 8|19 pages

Multilateral Development Banks

Washington Consensus, Beijing Consensus, or banking consensus?

chapter 9|13 pages

Rethinking global financial architecture

The case of BRICS New Development Bank

chapter 10|15 pages

The ADB and AIIB

Cooperation, competition, and contestation

chapter 11|18 pages

The World Bank’s resilience discourse

Reactive environmental norm diffusion and the crisis of global climate governance

chapter 12|17 pages

Challenging the hegemony of the Washington Consensus

The development potential of BRICS ‘from below’

chapter 14|21 pages

A new ‘new’ multilateralism?

The changing space of multilateralism in a contemporary development context

chapter 15|14 pages

Competing multilateralisms

Development aid under scrutiny