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Association: Name: International Studies Association URL: http://www.isanet.org
Citation: URL: http://www.allacademic.com/meta/p70083_index.html Direct Link: HTML Code:

Taylor, Marcus. "Good Governance Meets Global Accumulation: The World Bank, Development, and the Social Division of Labour" Paper presented at the annual meeting of the International Studies Association, Hilton Hawaiian Village, Honolulu, Hawaii, Mar 05, 2005 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p70083_index.html>

Taylor, M. E. , 2005-03-05 "Good Governance Meets Global Accumulation: The World Bank, Development, and the Social Division of Labour" Paper presented at the annual meeting of the International Studies Association, Hilton Hawaiian Village, Honolulu, Hawaii Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p70083_index.html

Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: With the publication of its most recent World Development Report, entitled “A Better Investment Climate for Everyone”, the World Bank appears to have decided to 'get back to basics'. After several years of emphasising the need to strengthen institutional structures, improve service provision and empower the poor, the latest instalment of its annual best-prescription manifesto returns to fundamental issues of capitalist development including private sector investment, profits and expansion. In so doing, the Bank is attempting to build a more coherent statement regarding its best-practice prescription by tying together its recent, and rather fragmented, conceptual initiatives. In this manner, by re-emphasising the importance of private sector expansion, a new formal coherence can be found between the Bank's emphasis on neoliberal macro-economic management, a good-governance framework, and the 'empowerment' of the poor. However, it is argued in this paper that, in returning to the fundamental relationships of capitalist development with its present report, the World Bank reveals its weakest card; namely, an inability to comprehend the specific social foundations and character of capitalist development. Indeed, the World Bank – it is argued – has a fundamentally metaphysical conceptualisation of 'development' owing to its inability to conceptualise adequately the social relations that underscore capitalist development. Rooted in neoclassical tradition, the World Bank can only conceive of market transactions as an agglomeration of positive-sum exchanges that result in a harmonious progression towards economic equilibration, growth and development. Aberrations from this vision in 'the real world of development' are attributed merely to human fallibility or the insufficient reach of market mechanisms. As a consequence, the World Bank fails to recognise the contradictions inherent to the accumulation of capital upon which capitalist development is predicated.

...& "Paradigm Maintenance": ...Political Economy of Research within the World Bank's Development Economics Vice-Presidency

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