The World Bank 's Anti Corruption Policy Essay

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This essay will address the question of whether the World Bank’s Anti-Corruption policy can be improved through the adaption of a Political Economy Analysis (PEA) framework. Since John Wolfensohn, then President of the World Bank, addressed the ‘cancer of corruption’ as a major impediment to growth in 1996 the World Bank has adopted a mounting concern over corruption. Today, the Bank’s fixation on corruption incorporates concerns over ‘good governance’, particularly in underdeveloped countries. Corruption and governance are political issues by nature. Yet, scholars’ have criticized the Bank for their reform strategies for being based largely in economic considerations (Khan: 2002, Marquette: 2004, Forest and Wild: 2011). Since then, the World Bank 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, as they continue to be based in economic rationalism and the technical approach to governance. I will observe this in the context of political pressure that governs the World Bank’s mandate. Then looking at corruption as a moral category with reference to Bukovansky (2006) which suggests that, in order to achieve ‘good governance’ a country must follow a set of prescribed liberal approaches in order to grow. Considering the failures of the current approach, I suggest that a PEA
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