Too Global to Fail : The World Bank at the Intersection of National and Global Public Policy in 2025

This report is about global public goods (GPGs), particularly those related to the environment, in the context of the global development process. This concerns the long-term sustainability of development, as the distinction between developing and developed countries is expected to continue for the foreseeable future. This report contends that global sustainability depends (indeed, consists of) the provision of certain GPGs, and that the prevailing approach to development assistance does not sufficiently recognize this fact. A key question is whether the country-ownership model is even compatible with global sustainability. A second key question is whether the political will exists to make the provision of GPGs an explicit and central objective of official development assistance, especially in the face of objections from those who believe aid should be solely concerned with the eradication of poverty through national or community-level interventions. A third key question concerns the mobilization and use of resources for the World Bank's work to support the provision of GPGs. The Bank is a major player on many regional and global issues, but its work at these levels is usually enabled by donor contributions, most often in the form of grants, targeted for a particular purpose. International development assistance needs to undergo a major transition, such that it takes as an explicit and principal objective the provision of GPGs important for development. The World Bank can play a leadership role in this transition, working within new kinds of coalitions but not abandoning the fundamentals of its operating model. Some of the most important GPGs are provided through the separate and cumulative actions of multiple countries, so the challenge for the Bank is to find ways of investing strategically and sharing knowledge across countries, while keeping faith with their national development strategies, so as to achieve maximum global impacts. The World Bank can also play a unique role in stimulating the private provision of GPGs through risk-sharing and market creation.

Bibliographic Details

Main Authors:	Evans, J. Warren, Davies, Robin
Language:	English en_US
Published:	Washington, DC: World Bank 2015
Subjects:	ACCOUNTABILITY, ADVISORY SERVICES, ADVISORY WORK, AGRICULTURE, AGRICULTURE ORGANIZATION, AID, AID EFFECTIVENESS, BASIC NEEDS, BONDS, CARBON, CARBON EMISSIONS, CC, CENTRAL BANKS, CIVIL SERVICE, CLIMATE CHANGE, CONSUMPTION PATTERNS, CONTRACT ENFORCEMENT, CREDIT ENHANCEMENT, DEBT, DECENTRALIZATION, DEMOGRAPHIC PROFILE, DEVELOPED COUNTRIES, DEVELOPMENT AGENCIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DEVELOPMENT COOPERATION, DEVELOPMENT FINANCE, DEVELOPMENT FINANCING, DEVELOPMENT FUNDS, DEVELOPMENT GOALS, DEVELOPMENT IMPACTS, DEVELOPMENT ISSUES, DEVELOPMENT ORGANIZATIONS, DEVELOPMENT PARTNERS, DEVELOPMENT POLICIES, DEVELOPMENT POLICY, DEVELOPMENT PROCESS, DEVELOPMENT PROGRAMS, DEVELOPMENT PROJECTS, DEVELOPMENT STRATEGIES, DISCOUNT RATE, DISCRIMINATION, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ECONOMICS, ECONOMISTS, ENDOWMENTS, ENROLLMENT, ENTREPRENEUR, ENTREPRENEURSHIP, ENVIRONMENTAL, ENVIRONMENTAL MANAGEMENT, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL SUSTAINABILITY, EXCHANGE COMMISSION, EXPENDITURE, EXTREME POVERTY, FARMERS, FELLOWSHIP, FINANCIAL MARKETS, FINANCIAL PRODUCTS, FINANCIAL SECTOR, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SERVICES, FINANCIAL SUPPORT, FINANCIAL SYSTEMS, FINANCING FACILITY, FISH, FISHERIES, FLEXIBLE FINANCING, GAPS, GDP, GREEN REVOLUTION, GROSS DOMESTIC PRODUCT, GROWTH PROJECTIONS, GROWTH THEORY, HEALTH SERVICES, HUMAN CAPITAL, INCREMENTAL COSTS, INEQUALITIES, INFORMATION TECHNOLOGY, INSTITUTIONAL INVESTORS, INSURANCE, INTERNATIONAL AID, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTRINSIC VALUES, KEY CHALLENGES, LAWS, LIQUIDITY, MDB, MFI, MULTILATERAL DEVELOPMENT BANKS, MUNICIPAL DEVELOPMENT, NATIONAL INCOME, NATURAL RESOURCES, OZONE LAYER, PENSION FUNDS, PEOPLES, POLLUTION, POLLUTION REDUCTION, PORTFOLIO THEORY, PRESENT VALUE, PRIORITIES, PRIVATE INVESTMENT, PRODUCTIVITY, PROFIT MOTIVE, PROPERTY RIGHTS, PUBLIC CREDIT, PUBLIC FINANCE, PUBLIC GOOD, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC POLICY, RECYCLING, REGIONAL DEVELOPMENT BANKS, RESOURCE ALLOCATION, RESOURCE MOBILIZATION, SAVINGS, SECURITIES, SOCIAL ENTREPRENEURSHIP, SOCIAL RESPONSIBILITY, STRATEGIC PLANNING, STRUCTURAL CHANGE, SUSTAINABILITY, SUSTAINABLE CONSUMPTION, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, TECHNICAL SUPPORT, TECHNOLOGICAL PROGRESS, TRANSPORT, UNITED NATIONS DEVELOPMENT PROGRAMME, URBAN DEVELOPMENT, URBANIZATION, WASTE MANAGEMENT, WEALTH, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2014/11/20459029/too-global-fail-world-bank-intersection-national-global-public-policy-2025 https://hdl.handle.net/10986/20603
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