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Actors and Agency in Global Social Governance$
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Alexandra Kaasch and Kerstin Martens

Print publication date: 2015

Print ISBN-13: 9780198743996

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780198743996.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 15 April 2021

The World Bank as an Education Policy Governor

The World Bank as an Education Policy Governor

(p.64) Chapter 4 The World Bank as an Education Policy Governor
Actors and Agency in Global Social Governance

Karen Mundy

Antoni Verger

Oxford University Press

Although the World Bank’s original mandate did not include education, its involvement in education policy has grown substantially since the 1960s. Today, the Bank is widely recognized as the most powerful international organization operating in the education for development field. It is the largest single international funder of education for development in low-income countries, and its technical and knowledge-based resources tower over those of other organizations. This chapter analyses the construction and evolution of the World Bank’s education policy agenda in four key periods: from the 1960s to the beginning of the 1980s, when the debt crisis exploded in many developing nations; from 1981 to the mid-1990s, a period marked by structural adjustment lending; from the mid-1990s to 2008, when the post-Washington consensus emerged; and after 2008, characterized by significant power shifts in the world system and the rise of strategic uncertainty at different levels within the Bank.

Keywords:   World Bank, education policy, international organizations, development, lending, post-Washington consensus

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