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Multilateralism, Developmental Regionalism, and the African Development Bank
[journal article]
Abstract Promoting development in Africa has faced significant challenges partly because of the continent's peripheral access to global markets as well as its internal geographical limitations on the movement of people, goods, and services. However, the African Development Bank (AfDB) and its "developmental"... view more
Promoting development in Africa has faced significant challenges partly because of the continent's peripheral access to global markets as well as its internal geographical limitations on the movement of people, goods, and services. However, the African Development Bank (AfDB) and its "developmental" role has emerged as a practical and tailored approach to Pan-African development, especially in the midst of a growing crisis in global multilateralism. This article argues that the AfDB can be a significant promoter of African development given its unique characteristics, focus areas, and lending style that are different from other multilateral institutions. Using a case-study approach, and by analysing literature on the AfDB, policy papers, and government reports, this study explores the developmental role of the bank and demonstrates its comparative advantage to other multilateral institutions in Africa.... view less
Keywords
Africa; economic development (on national level); economic growth; economic policy; multilateralism; regional development; regional promotion
Classification
Sociology of Developing Countries, Developmental Sociology
National Economy
Free Keywords
Africa; African Development Bank; developmental regionalism; multilateralism
Document language
English
Publication Year
2022
Page/Pages
p. 82-94
Journal
Politics and Governance, 10 (2022) 2
Issue topic
Developing Countries and the Crisis of the Multilateral Order
ISSN
2183-2463
Status
Published Version; peer reviewed