The Ascendancy of Economics in the World Bank, 1944–1979

Howard Stein

in Beyond the World Bank Agenda

Published by University of Chicago Press

Published in print August 2008 | ISBN: 9780226771670
Published online February 2013 | e-ISBN: 9780226771656 | DOI:
The Ascendancy of Economics in the World Bank, 1944–1979

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This chapter investigates the origin, nature, and evolution of policies in the World Bank, focusing on the period from 1944 to 1980. It considers some of the competing theories about the nature of international organizations in international relations. Policy transformation in any large organization such as the Bank results from a confluence of factors interacting with an array of existing structures and interests. Various elements influencing policy are analyzed: the power of the Bank's constituent members, the ways in which the United States has asserted its dominance in the Bank, and the relation between American interests, organizational changes, and the ascendancy of economists.

Keywords: World Bank; international organizations; international relations; United States; American interests; policy; economists

Chapter.  8931 words. 

Subjects: Financial Markets

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