Jun 02 2009

Lip Service at the World Bank?

by at 11:58 am

Hope and hype about the World Bank’s adaptability run high. Scholars and development practitioners preach the need for bank projects to adapt to local conditions, and the World Bank has published dozens of papers and books in recent years affirming that need. In Population and the World Bank (2000), a bank publication, an “action plan” stressed “effectiveness also requires adaptation to the increasing diversity and rapid changes in demographic and related social and economic conditions in countries.” Excellent – but is the World Bank following its own prescription? That is less clear. Continue Reading »

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May 28 2009

Globalization according to Stiglitz

by at 10:28 am

The Washington Consensus “one size fits all” mentality was a cookie cutter strategy (or a reform package) adopted by Washington to deal with the economic problems of developing countries. These problems were mainly managed by institutions such as the International Monetary Fund (IMF), World Bank and the U.S. Treasury Department. Continue Reading »

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