A tragedy of juridification in international development finance

Jokubauskaite, G. and Rossati, D. (2022) A tragedy of juridification in international development finance. Canadian Journal of Development Studies = Revue canadienne d'études du développement, 43(1), pp. 39-58. (doi: 10.1080/02255189.2021.1895090)

Abstract

This article criticises the growing reliance on environmental and social (ES) policies by development finance institutions (DFIs), and the increasing use of corresponding accountability mechanisms to challenge development projects. The concept of juridification is used to explain this phenomenon and shows the crucial role of global civil society in expanding the reach of ES policies and accountability mechanisms. Linked to the competition between DFIs in the “marketplace” of international development finance, juridification also enables legal avoidance practices by the DFIs. The article shows that juridification in international development finance is “tragic” because the expansion of ES policies further marginalises the affected groups needing legal protection.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Jokubauskaite, Dr Giedre
• Authors: Jokubauskaite, G., and Rossati, D.
• College/School: College of Social Sciences > School of Law
• Journal Name: Canadian Journal of Development Studies = Revue canadienne d'études du développement
• Publisher: Taylor and Francis
• ISSN: 0225-5189
• ISSN (Online): 2158-9100
• Published Online: 22 March 2021
• Copyright Holders: Copyright © 2021 The Author(s)
• First Published: First published in Canadian Journal of Development Studies = Revue canadienne d'études du développement 43(1): 39-58
• Publisher Policy: Reproduced under a Creative Commons license