Abstract:
This study criticizes the World Bank Group’s neoliberal development model’s ongoing inability to alleviate global inequality and attributes this shortcoming to its reliance on capital-intensive, voluntary growth strategies. The study compares the Bank’s strategy to the Universal Governance Framework (UGF), a new paradigm based on “Equitism” that promotes enforceable redistribute justice, using a qualitative comparative analysis. By comparing the Bank’s discretionary concessional lending with the UGF’s proposal for a Global Economic Justice Authority (GEJA) financed by a mandatory global minimum corporate tax, the investigation identifies a crucial “Enforceability Gap.” In the end, the results reveal a “Governance Paradox” in which the UGF provides normative clarity without political infrastructure, while the Bank has operational scale without enforceable morality. In order to institutionalize the UGF’s binding principles and shift global development from voluntary aid to planned, quantifiable, and enforceable economic justice, the study’s conclusion advocates for a “pragmatic synthesis” that makes use of the World Bank’s current machinery.
Care-for-Assets-World-Bank
