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1 Hawthorne Economics- General

Faith and Credit: The World Bank's Secular Empire

by

Faith and Credit: The World Bank's Secular Empire Cover

 

Synopses & Reviews

Publisher Comments:

In its fifty years of existence, the World Bank has influenced more lives in the Third World than any other institution, yet it remains largely unknown, even enigmatic. Although it claims to be a purely economic institution, the Bank wields enormous political power and has succeeded in making its own view of development appear to be the norm.In this richly illuminating and lively overview, Susan George and Fabrizio Sabelli examine the Banks policies, its internal culture, and the interests it serves. They reveal a supranational, nondemocratic, and extremely powerful institution that functions much like the medieval church or a monolithic political party, relying on rigid doctrine, hierarchy, and a rejection of dissenting ideas to perpetuate its influence. Its faith in orthodox economics, the idea of perpetual growth, and the capacity of the market to solve development problems is incompatible with its professed goals of helping the poor and protecting the environment. Faced with these contradictions, the Bank is increasingly struggling to reconcile the roles of commercial lender, policymaker, and great humanitarian. This book is crucial reading for anyone interested in development and economy of the Third World, especially for international, political, and development economists.

Synopsis:

The authors of this richly illuminating and lively overview examine the Banks policies, its internal culture, and the interests it serves. They reveal a supranational, nondemocratic, and extremely powerful institution that functions much like the medieval church or a monolithic political party, relying on rigid doctrine, hierarchy, and a rejection of dissenting ideas to perpetuate its influence. Its faith in orthodox economics, the idea of perpetual growth, and the capacity of the market to solve development problems is incompatible with its professed goals of helping the poor and protecting the environment. Faced with these contradictions, the Bank is increasingly struggling to reconcile the roles of commercial lender, policymaker, and great humanitarian. This book is crucial reading for anyone interested in development and economy of the Third World, especially for international, political, and development economists.

Description:

Includes bibliographical references (p. [254]-275) and index.

Product Details

ISBN:
9780813326078
Subtitle:
The World Bank's Secular Empire
Author:
George, Susan
Author:
Sabelli, Fabrizio
Publisher:
Westview Press
Location:
Boulder :
Subject:
Banks & Banking
Subject:
U.S. Government
Subject:
Economic Development
Subject:
Developing countries
Subject:
Economic assistance
Subject:
World bank
Subject:
Government - U.S. Government
Subject:
Sociology - General
Copyright:
Edition Number:
1st ed.
Edition Description:
Trade Paper
Series Volume:
22
Publication Date:
19941004
Binding:
Paperback
Language:
English
Illustrations:
Yes
Pages:
288
Dimensions:
8.25 x 5.50 in 12.60 oz

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Related Subjects

Business » Banking
History and Social Science » Economics » General

Faith and Credit: The World Bank's Secular Empire Used Trade Paper
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Product details 288 pages Westview Press - English 9780813326078 Reviews:
"Synopsis" by ,
The authors of this richly illuminating and lively overview examine the Banks policies, its internal culture, and the interests it serves. They reveal a supranational, nondemocratic, and extremely powerful institution that functions much like the medieval church or a monolithic political party, relying on rigid doctrine, hierarchy, and a rejection of dissenting ideas to perpetuate its influence. Its faith in orthodox economics, the idea of perpetual growth, and the capacity of the market to solve development problems is incompatible with its professed goals of helping the poor and protecting the environment. Faced with these contradictions, the Bank is increasingly struggling to reconcile the roles of commercial lender, policymaker, and great humanitarian. This book is crucial reading for anyone interested in development and economy of the Third World, especially for international, political, and development economists.
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