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鈥淚t鈥檚 really gratifying to get so much recognition for this paper,鈥� said Babb, who noted it is part of a larger project about how the United States re-engineered multilateral institutions to spread market reforms around the world at the end of the 20th century. 鈥淲e have thousands of declassified documents to work through, and these awards inspire us to move forward.鈥�

The article, which was published last year in the American Journal of Sociology, examines the repurposing of the International Monetary Fund to become the world鈥檚 leading promoter of free markets. Relying on archival material and interviews, Babb and Kentikelenis show that fundamental-yet-informal change of the IMF was effected through a process of norm substitution鈥攖he alteration of everyday assumptions about the appropriateness of a set of activities, a transformation led by the United States.

鈥淧rofessor Babb is one of the world鈥檚 leading global and transnational sociologists, and we are so fortunate to have her as a member of our department,鈥� said Professor of Sociology and Environmental Studies Andrew Jorgenson, chair of the Sociology Department. 鈥淭his award-winning article is essential reading for anyone interested in the contours of globalization and the inner workings of global governance institutions.鈥�

Babb, who directs graduate studies in the Sociology Department, focuses her teaching and research on subjects such as economic sociology, globalization, and organizations. She is the author of the award-winning book Behind the Development Banks: Washington Politics, World Poverty, and Wealth of Nations, and, most recently, .

Kathleen Sullivan | University Communications | July 2020