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Description
"The chapters in this book consider the current approaches of the World Bank and IMF, and offer alternative proposals for the effective participation of developing countries in these institutions. In doing so, the volume ranges from discussions on reforming the IMF and its conditionality, the operations of financial markets, debt workouts and restructuring, management of capital flows, debt sustainability and crisis prevention, to Millennium Development...
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"This pathbreaking book is the first close examination of the inner workings of the World Bank, the foundations of its achievements, its propensity for intensifying the problems it intends to cure, and its remarkable ability to tame criticism and extend its own reach." "The book sheds new light on the World Bank's role in increasing global inequalities and considers why it has become the central target for anti-globalization movements worldwide. For...
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A look at how the world's leading financial institutions - the IMF, World Bank and WTO - have been hijacked by the economic ideology of neoliberalism and the interest behind it, particularly from the 1980s onwards and in relation to their global financial, developmental and trade management roles.
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"Since World War II, it has been widely believed that underdeveloped countries cannot become prosperous without billions of dollars in aid from wealthy countries. Yet after 40 years, there is little to show for it." "Perpetuating Poverty is an eye-opening review of the scandalous record of the World Bank and the International Monetary Fund. The startling findings include: India has received the most foreign aid of any country since 1951 - about $55...
8) Mortgaging the earth: the World Bank, environmental impoverishment, and the crisis of development
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The World Bank is the single biggest source of finance for international development, and its policies have a critical impact on the future of more than 110 borrowing countries. In this dramatic and lively new critique, Bruce Rich, internationally known expert on the environment and the World Bank, analyzes how the Bank has become a seemingly unstoppable and often destructive environmental and political force. The author chronicles the life-and-death...
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Globalization is a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents tremendous opportunities for developing countries, it also has raised concerns about rising inequality, shifting power, and cultural uniformity. This report assesses the impact of globalization and addresses the ensuing anxieties. It proposes an agenda for action aimed at...
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"The greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off without the IMF and World Bank? This book takes readers inside these institutions and the governments they work with. Ngaire Woods decodes what they do and why they do it, using original research, extensive interviews carried out across many countries and institutions, and scholarship from...
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This is the story of good intentions gone wrong. It begins in 1945 with a pledge to end poverty through a newly created international banking institution. Staffed by the most talented economists from the best universities, the World Bank embarked on this task with the self-assurance only technicians isolated from reality can possess. Fifty years later, the gap between the rich and the underdeveloped nations is wider than ever, thanks in no small part...
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