Book

Behind the Development Banks

Sarah Babb

Published by University of Chicago Press

Published in print June 2009 | ISBN: 9780226033648
Published online March 2013 | e-ISBN: 9780226033679 | DOI: https://dx.doi.org/10.7208/chicago/9780226033679.001.0001
Behind the Development Banks

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The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as is argued in this book, these organizations have also been indelibly shaped by Washington politics, particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling”; of banks to Congress by the executive branch. The author contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America's threat to abandon the banks if its policy preferences are not followed. At a time when the United States' role in world affairs is being closely scrutinized, this book will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

Keywords: multilateral development banks; World Bank; poverty; developing countries; United States; Washington; Congress; American politics

Book.  329 pages.  Illustrated.

Subjects: Political Economy

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Table of Contents

Introduction in Behind the Development Banks

Chapter

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The Banks and Their Shareholders in Behind the Development Banks

Chapter

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The Congressional Revolt in Behind the Development Banks

Chapter

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The Reagan Revolution in Behind the Development Banks

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Disciplining the Banks in Behind the Development Banks

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The Consensus Evolves in Behind the Development Banks

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The Banks and Civil Society in Behind the Development Banks

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Into the New Millennium in Behind the Development Banks

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