Voting power distribution in response to international power shifts. The case of the World Bank

The study examines the persistent voting power distribution within the World Bank despite significant shifts in international political power. It explores the concept of institutional inertia through the lens of path dependence, as articulated by Pierson. The analysis highlights the advantages and drawbacks of this theoretical framework, with a particular emphasis on the 2010 voice reform and its implications for the institution's evolution. This case study provides insights into the complexities of governance and reform within international organizations.