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How transnational environmental advocacy networks socialize international financial institutions: a case study of the international finance corporation

journal contribution
posted on 2005-11-01, 00:00 authored by Susan Park
Environmental organizations, characterized here as transnational advocacy networks, use various strategies to "green" international financial institutions (IFIs). This article goes beyond analyzing network strategies to examine how transnational advocacy networks reconstitute the identity of IFIs. This, it is argued, results from processes of socialization: social influence, persuasion and coercion by lobbying. A case study of the International Finance Corporation (IFC), as a member of the World Bank Group, is used to analyze how an IFI internalized sustainable development norms. The IFC finances private enterprise in developing countries by providing venture capital for private projects. Transnational advocacy networks socialized the IFC through influencing its projects, policies and institutions via direct and indirect interactions to the point where the organization now sees itself as a sustainable development financier. This article applies constructivist insights to the greening process in order to demonstrate how socialization can reshape an IFI's identity.

History

Journal

Global environment politics

Volume

5

Issue

4

Pagination

95 - 119

Publisher

MIT Press

Location

Cambridge, Mass.

ISSN

1526-3800

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2005 Massachusetts Institute of Technology

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