Contribution to collective works (Parts of books)
Regional Development Banks in the World Economy
Howarth, David; Clifton, Judith; Diaz Fuentes, Daniel
2021In Clifton, Judith; Diaz Fuentes, Daniel; Howarth, David (Eds.) Regional Development Banks in the World Economy
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Keywords :
Regional Development Banks; Public Finance; Sustainable Development; Infrastructure; Regional Integration; Industrial Policy
Abstract :
[en] In this introduction, we present the categories and the analytical framework that we apply to examine Regional Development Banks, and specifically a form of rational choice institutionalism—Principal-Agent analysis. We apply the categories and framework to each Regional Development Bank in its specific political economy context, with a view to setting out and analysing the similarities and differences among Regional Development Bank. We demonstrate and explain an important evolution in the main objectives of Regional Development Bank lending activities over three distinct periods: from regional integration and development, to market promotion and development, and then to geographical expansion—and multi-polarity promotion for some Regional Development Banks—and a more strategic interventionism in the market, that includes market shaping activities including industrial policy. We explain this evolution in terms of the agency of the Regional Development Banks in relation to their multiple principal—the shareholder national governments.
Disciplines :
Business & economic sciences: Multidisciplinary, general & others
Author, co-author :
Howarth, David  ;  University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC)
Clifton, Judith;  University of Cantabria > Economics > Professor
Diaz Fuentes, Daniel;  University of Cantabria > Economics > Professor
External co-authors :
Language :
Title :
Regional Development Banks in the World Economy
Publication date :
07 April 2021
Main work title :
Regional Development Banks in the World Economy
Author, co-author :
Clifton, Judith
Diaz Fuentes, Daniel
Howarth, David  
Publisher :
Oxford University Press, Oxford, United Kingdom
Pages :
Peer reviewed :
Peer reviewed
Focus Area :
Sustainable Development
Funders :
Santander Foundation
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since 06 May 2021


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