The Political Economy of the World Bank : The Early Years
This book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, mo...
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| Format: | Publication |
| Language: | en_US |
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Stanford: Stanford University Press and the World Bank
2013
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| Online Access: | http://hdl.handle.net/10986/13807 |
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okr-10986-13807 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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en_US |
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acquisitions affiliates agricultural sector air air transport autonomy baggage Bank financing Bank loan bank loans Bank management Borrowing businessmen capital formation capital investment Capital Market capital markets car charter collaborative relationship collapse company corporations creditors currency exchange debt deficits Development Corporation development finance development finance institution economic conditions Economic Development economic growth economic policies Economic Policy Economics entrepreneurship ex ante ex post exchange rate external finance extreme poverty Federal Reserve Federal Reserve Bank Federal Reserve Bank of New York financial aid financial assistance financial institution financial institutions financial intermediation financial policy fiscal policies Fiscal Policy foreign currency foreign debt foreign exchange foreign investments fuel fuels gambling Guarantee Agency guarantor highway highways Housing Housing Loans individuals inflation International Bank International Finance investigation investment banks journey journeys justice land use legislation limited loan local governments managers media minister ministers monetary policies monetary policy monopoly multinational Nutrition oligarchy productivity public services public transportation Public works railroads recession remedy Reorganization reorganizations repayment Road roads rolling stock sanitation savings Savings Bank shareholders small loans social structure social welfare societies society subsidiary taxation traffic traffic flows transport transportation facilities transportation infrastructure trial trip true Union Urban Development vehicle vehicles violence walking water pollution wealth |
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acquisitions affiliates agricultural sector air air transport autonomy baggage Bank financing Bank loan bank loans Bank management Borrowing businessmen capital formation capital investment Capital Market capital markets car charter collaborative relationship collapse company corporations creditors currency exchange debt deficits Development Corporation development finance development finance institution economic conditions Economic Development economic growth economic policies Economic Policy Economics entrepreneurship ex ante ex post exchange rate external finance extreme poverty Federal Reserve Federal Reserve Bank Federal Reserve Bank of New York financial aid financial assistance financial institution financial institutions financial intermediation financial policy fiscal policies Fiscal Policy foreign currency foreign debt foreign exchange foreign investments fuel fuels gambling Guarantee Agency guarantor highway highways Housing Housing Loans individuals inflation International Bank International Finance investigation investment banks journey journeys justice land use legislation limited loan local governments managers media minister ministers monetary policies monetary policy monopoly multinational Nutrition oligarchy productivity public services public transportation Public works railroads recession remedy Reorganization reorganizations repayment Road roads rolling stock sanitation savings Savings Bank shareholders small loans social structure social welfare societies society subsidiary taxation traffic traffic flows transport transportation facilities transportation infrastructure trial trip true Union Urban Development vehicle vehicles violence walking water pollution wealth Alacevich, Michele The Political Economy of the World Bank : The Early Years |
| description |
This book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, more specifically, how its mission was born: what events shaped it, what cultural and ideological background influenced it and what was the historical context in which it arose. So this book is a contribution to the study of the prehistory of development, understood in its social and economic context. In this respect, the study of the early years of the World Bank offers excellent context for observation for three reasons. First, during its history there is a clear separation between the growth phase and the phase of social objectives. Second, in the first years of activity already the Bank could hear murmurs of opposition. Finally, there was a sudden change in the mandate of the institution changed from supporting the reconstruction of Europe after the war, to help developing countries. The transition from one phase to another was a formative one and redefined the institution. The upshot of the foregoing was to set a fertile ground for exploring the signs of conflict between the different approaches to development. The first chapter deals with the historiography that underlies the writing. It refers to a wide literature using periods of transition or crisis in the history of the institution to understand its dynamics and mechanisms. Reducing its support for European reconstruction, the Bank focused on the development of countries. The internal tensions that arose and led to a complete break between the Bank and the director of the mission (the economist Lauchlin Currie) are very useful for understanding better the evolution of the institution. The third chapter explores the tensions between Currie and the Bank and particularly, between Currie and the economist Albert Hirschman, who the Bank replaced as envoy to Colombia. The final chapter focuses again on the International Bank and particularly in lending mechanisms for developing countries. |
| format |
Publications & Research :: Publication |
| author |
Alacevich, Michele |
| author_facet |
Alacevich, Michele |
| author_sort |
Alacevich, Michele |
| title |
The Political Economy of the World Bank : The Early Years |
| title_short |
The Political Economy of the World Bank : The Early Years |
| title_full |
The Political Economy of the World Bank : The Early Years |
| title_fullStr |
The Political Economy of the World Bank : The Early Years |
| title_full_unstemmed |
The Political Economy of the World Bank : The Early Years |
| title_sort |
political economy of the world bank : the early years |
| publisher |
Stanford: Stanford University Press and the World Bank |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13807 |
| _version_ |
1764424628959182848 |
| spelling |
okr-10986-138072021-04-23T14:03:10Z The Political Economy of the World Bank : The Early Years Alacevich, Michele acquisitions affiliates agricultural sector air air transport autonomy baggage Bank financing Bank loan bank loans Bank management Borrowing businessmen capital formation capital investment Capital Market capital markets car charter collaborative relationship collapse company corporations creditors currency exchange debt deficits Development Corporation development finance development finance institution economic conditions Economic Development economic growth economic policies Economic Policy Economics entrepreneurship ex ante ex post exchange rate external finance extreme poverty Federal Reserve Federal Reserve Bank Federal Reserve Bank of New York financial aid financial assistance financial institution financial institutions financial intermediation financial policy fiscal policies Fiscal Policy foreign currency foreign debt foreign exchange foreign investments fuel fuels gambling Guarantee Agency guarantor highway highways Housing Housing Loans individuals inflation International Bank International Finance investigation investment banks journey journeys justice land use legislation limited loan local governments managers media minister ministers monetary policies monetary policy monopoly multinational Nutrition oligarchy productivity public services public transportation Public works railroads recession remedy Reorganization reorganizations repayment Road roads rolling stock sanitation savings Savings Bank shareholders small loans social structure social welfare societies society subsidiary taxation traffic traffic flows transport transportation facilities transportation infrastructure trial trip true Union Urban Development vehicle vehicles violence walking water pollution wealth This book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, more specifically, how its mission was born: what events shaped it, what cultural and ideological background influenced it and what was the historical context in which it arose. So this book is a contribution to the study of the prehistory of development, understood in its social and economic context. In this respect, the study of the early years of the World Bank offers excellent context for observation for three reasons. First, during its history there is a clear separation between the growth phase and the phase of social objectives. Second, in the first years of activity already the Bank could hear murmurs of opposition. Finally, there was a sudden change in the mandate of the institution changed from supporting the reconstruction of Europe after the war, to help developing countries. The transition from one phase to another was a formative one and redefined the institution. The upshot of the foregoing was to set a fertile ground for exploring the signs of conflict between the different approaches to development. The first chapter deals with the historiography that underlies the writing. It refers to a wide literature using periods of transition or crisis in the history of the institution to understand its dynamics and mechanisms. Reducing its support for European reconstruction, the Bank focused on the development of countries. The internal tensions that arose and led to a complete break between the Bank and the director of the mission (the economist Lauchlin Currie) are very useful for understanding better the evolution of the institution. The third chapter explores the tensions between Currie and the Bank and particularly, between Currie and the economist Albert Hirschman, who the Bank replaced as envoy to Colombia. The final chapter focuses again on the International Bank and particularly in lending mechanisms for developing countries. 2013-06-06T15:29:25Z 2013-06-06T15:29:25Z 2009 978-0-8213-6065-2 http://hdl.handle.net/10986/13807 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Stanford: Stanford University Press and the World Bank Publications & Research :: Publication Publications & Research |