GLOCALIZATION: AN EMERGING STRATEGY IN THE CONTEXT OF LOCAL-GLOBAL DIALECTICS AND THE WORLD BANK'S CONTRIBUTION
Abstract
Since the 1970s, the global economic system has been reshaped in the light of neo-liberal policies, and financialization has become widespread and deepened with monetary policies that replaced the Keynesian "Welfare State" approach. The transition of the economic system resulted in a corresponding alteration at the spatial dimension. This transformation, which was accelerated by the globalisation process, has rebuilt the local by introducing new models of governance. The study argues that the World Bank is one of the principal institutions that played a pivotal role in formulating the strategies for this transformation. The aim of the study is to show how the concepts of governance and glocalism, as the implementation strategies of neoliberal policies, are institutionalised and promoted through the World Bank. The study concludes that the World Bank is primarily characterised as a regulatory political entity rather than solely functioning as a technical organisation in the glocalization process, which refers to adapting global socio-economic systems to local or regional contexts.
References
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Abstract
References
- Alexander, J. C. (2003) “The Meaning of Social Life, A Cultural Sociology”, New York, Oxford University Press. Amirtahmasebi, R., Orloff, M., Wahba, S., and Altman, A. (2016) “Regenerating Urban Land; A Practitioner’s Guide to Leveraging Private Investment”, Washington DC, The World Bank.
- Bajpai, R. and Myers, B. (2020) “Enhancing Government Effectiveness and Transparency : The Fight Against Corruption, Executive Summary”, 2, The World Bank, Washington DC,.
- Bedirhanoğlu, P. (2007) “The Neoliberal Discourse on Corruption as a Means of Consent Building”, Third World Quarterly: 1239-1254.
- Blaug, M. (1992) “The Methodolgy of Economics, or How Economists Explain”, Cambridge: Cambridge University Press.
- Bouckaert, Geert (2022) “The Neo-Weberian State: From İdeal Type Model to Reality?”, UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2022-10).
- Brock, G. (2011) “Global Governance, Some Concerns About Authentic Democracy Adressed”, Onati Socio-Legal Series, Democracy in a Globalised World, 1(5): 1-17.
- Budak, S. and Kavanoz, S. E. (2019) “Küçük Yerleşimlerin Yerel ve Özgün Değerleriyle Öne Çıkarılma Süreci: Küreselleşme Çağında Kent Turizmi”, Siyasal: Journal of Political Sciences 28(2): 117-140.
- Clarke, S. (1991) “The State Debate”, S. Clarke (eds.), The State Debate, Wiltshire, Pallgrawe.
- Climate Change Governance, The World Bank (2022) “Open Government and Climate Change: Leveraging Transparency, Participation, and Accountability for Effective Climate Action”, Washington DC, The World Bank.
- Collingwood, V., Drake, E., Malik, A., Xu, Y., Kotsioni, I., El-Habashy, R. and Misra, V. (2002) “Good Governance and The World Bank”, New York, University of Oxford.
Details
| Primary Language | English |
|---|---|
| Subjects | Policy and Administration (Other) |
| Journal Section | Articles |
| Authors | |
| Early Pub Date | October 17, 2023 |
| Publication Date | October 14, 2023 |
| Published in Issue | Year 2023 |