Book

Beyond the World Bank Agenda

Howard Stein

Published by University of Chicago Press

Published in print August 2008 | ISBN: 9780226771670
Published online February 2013 | e-ISBN: 9780226771656 | DOI: http://dx.doi.org/10.7208/chicago/9780226771656.001.0001
Beyond the World Bank Agenda

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Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. This book argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development. Drawing on the examples of Africa, Asia, Latin America, and transitional European economies, this volume proposes an alternative vision of institutional development with chapter-length applications to finance, state formation, and health care to provide a holistic, contextualized solution to the problems of developing nations.

Keywords: third-world poverty; development strategies; international financial institutions; World Bank; developing countries; inequality; individual rationality; institutional development; finance; state formation

Book.  352 pages.  Illustrated.

Subjects: Financial Markets

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Table of Contents

Building on Lost Foundations in Beyond the World Bank Agenda

Chapter

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Conclusion in Beyond the World Bank Agenda

Chapter

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