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Title: A moral economy approach to Africa-EU ties: the case of the European Investment Bank
Authors: Langan, Mark C. E.
First Published: 13-Feb-2014
Publisher: Cambridge University Press (CUP)
Citation: Review of International Studies, 2014, 40(3), pp. 465-485
Abstract: The European Union's (EU) trade and development ‘partnership’ with the African, Caribbean, and Pacific (ACP) countries has long interested scholars of North-South relations. Historically, the theoretical literature on ACP-EU ties has been characterised by liberal institutionalist accounts of interdependence and critical assessments of Europe's neo-colonialism. In the timeframe of the Cotonou Agreement (2000–20), this division has expressed itself in relation to liberal assessments of Europe's pursuit of pro-poor market reforms in the Post-Washington Consensus and critical accounts of Europe's neoliberal ‘development’ agenda. This article argues that a moral political economy offers an innovative lens for the latter critical assessment of ACP-EU ties. With a constructivist focus on Europe's normative ‘development’ agenda, a moral economy standpoint may draw attention to the EU's role in (re)embedding poverty through recourse to legitimating ethical discourse. This is seen to enable the critical school to more closely consider ideational/discursive power in response to contemporary liberal institutionalist accounts. The article focuses on the European Investment Bank (EIB) and its activities in ACP countries – with particular focus on the Bank's Investment Facility (IF) – as an exemplar of the disjuncture between norms and outcomes.
DOI Link: 10.1017/S026021051300048X
ISSN: 0260-2105
eISSN: 1469-9044
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © British International Studies Association 2014. Deposited with reference to the publisher’s archiving policy available on the SHERPA/RoMEO website.
Appears in Collections:Published Articles, Dept. of Politics and International Relations

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