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The key contribution of this path-breaking work by Adrian Bazbauers and Susan Engel lies in it approaching the world's 30 MDB's as essentially parts of a system. They argue that the substantial resources that these institutions can muster and deploy to developing countries are only half the story when it comes to accounting for their formidable impact. Employing a neo-Gramscian/constructivist theoretical framework, the authors show how in response to the setbacks that have shaken neoliberalism in the late 20th and early 21st centuries, the MDB ideological complex has played a vital role in neoliberalism's adapting to its crisis of legitimacy while still maintaining its position as hegemonic ideology. This status is, however, increasingly fragile, and Bazbauers and Engel guide us in exploring the points of vulnerability where alternatives to neoliberalism might be able to break through. -- Walden Bello, Adjunct Professor of Sociology, State University of New York at Binghamton and co-founder, Focus on the Global South

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Adrian Robert Bazbauers is a Lecturer in International Public Sector Management, School of Business, UNSW Canberra, Australia. Susan Engel is an Associate Professor in Politics and International Studies, University of Wollongong, Australia.

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