Publication:
The Political Economy of the World Bank : The Early Years

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dc.contributor.authorAlacevich, Michele
dc.date.accessioned2013-06-06T15:29:25Z
dc.date.available2013-06-06T15:29:25Z
dc.date.issued2009
dc.description.abstractThis book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, more specifically, how its mission was born: what events shaped it, what cultural and ideological background influenced it and what was the historical context in which it arose. So this book is a contribution to the study of the prehistory of development, understood in its social and economic context. In this respect, the study of the early years of the World Bank offers excellent context for observation for three reasons. First, during its history there is a clear separation between the growth phase and the phase of social objectives. Second, in the first years of activity already the Bank could hear murmurs of opposition. Finally, there was a sudden change in the mandate of the institution changed from supporting the reconstruction of Europe after the war, to help developing countries. The transition from one phase to another was a formative one and redefined the institution. The upshot of the foregoing was to set a fertile ground for exploring the signs of conflict between the different approaches to development. The first chapter deals with the historiography that underlies the writing. It refers to a wide literature using periods of transition or crisis in the history of the institution to understand its dynamics and mechanisms. Reducing its support for European reconstruction, the Bank focused on the development of countries. The internal tensions that arose and led to a complete break between the Bank and the director of the mission (the economist Lauchlin Currie) are very useful for understanding better the evolution of the institution. The third chapter explores the tensions between Currie and the Bank and particularly, between Currie and the economist Albert Hirschman, who the Bank replaced as envoy to Colombia. The final chapter focuses again on the International Bank and particularly in lending mechanisms for developing countries.en
dc.identifier.doi10.1596/978-0-8213-7647-8
dc.identifier.isbn978-0-8213-6065-2
dc.identifier.urihttps://hdl.handle.net/10986/13807
dc.language.isoen_US
dc.publisherStanford: Stanford University Press and the World Bank
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectacquisitions
dc.subjectaffiliates
dc.subjectagricultural sector
dc.subjectair
dc.subjectair transport
dc.subjectautonomy
dc.subjectbaggage
dc.subjectBank financing
dc.subjectBank loan
dc.subjectbank loans
dc.subjectBank management
dc.subjectBorrowing
dc.subjectbusinessmen
dc.subjectcapital formation
dc.subjectcapital investment
dc.subjectCapital Market
dc.subjectcapital markets
dc.subjectcar
dc.subjectcharter
dc.subjectcollaborative relationship
dc.subjectcollapse
dc.subjectcompany
dc.subjectcorporations
dc.subjectcreditors
dc.subjectcurrency exchange
dc.subjectdebt
dc.subjectdeficits
dc.subjectDevelopment Corporation
dc.subjectdevelopment finance
dc.subjectdevelopment finance institution
dc.subjecteconomic conditions
dc.subjectEconomic Development
dc.subjecteconomic growth
dc.subjecteconomic policies
dc.subjectEconomic Policy
dc.subjectEconomics
dc.subjectentrepreneurship
dc.subjectex ante
dc.subjectex post
dc.subjectexchange rate
dc.subjectexternal finance
dc.subjectextreme poverty
dc.subjectFederal Reserve
dc.subjectFederal Reserve Bank
dc.subjectFederal Reserve Bank of New York
dc.subjectfinancial aid
dc.subjectfinancial assistance
dc.subjectfinancial institution
dc.subjectfinancial institutions
dc.subjectfinancial intermediation
dc.subjectfinancial policy
dc.subjectfiscal policies
dc.subjectFiscal Policy
dc.subjectforeign currency
dc.subjectforeign debt
dc.subjectforeign exchange
dc.subjectforeign investments
dc.subjectfuel
dc.subjectfuels
dc.subjectgambling
dc.subjectGuarantee Agency
dc.subjectguarantor
dc.subjecthighway
dc.subjecthighways
dc.subjectHousing
dc.subjectHousing Loans
dc.subjectindividuals
dc.subjectinflation
dc.subjectInternational Bank
dc.subjectInternational Finance
dc.subjectinvestigation
dc.subjectinvestment banks
dc.subjectjourney
dc.subjectjourneys
dc.subjectjustice
dc.subjectland use
dc.subjectlegislation
dc.subjectlimited
dc.subjectloan
dc.subjectlocal governments
dc.subjectmanagers
dc.subjectmedia
dc.subjectminister
dc.subjectministers
dc.subjectmonetary policies
dc.subjectmonetary policy
dc.subjectmonopoly
dc.subjectmultinational
dc.subjectNutrition
dc.subjectoligarchy
dc.subjectproductivity
dc.subjectpublic services
dc.subjectpublic transportation
dc.subjectPublic works
dc.subjectrailroads
dc.subjectrecession
dc.subjectremedy
dc.subjectReorganization
dc.subjectreorganizations
dc.subjectrepayment
dc.subjectRoad
dc.subjectroads
dc.subjectrolling stock
dc.subjectsanitation
dc.subjectsavings
dc.subjectSavings Bank
dc.subjectshareholders
dc.subjectsmall loans
dc.subjectsocial structure
dc.subjectsocial welfare
dc.subjectsocieties
dc.subjectsociety
dc.subjectsubsidiary
dc.subjecttaxation
dc.subjecttraffic
dc.subjecttraffic flows
dc.subjecttransport
dc.subjecttransportation facilities
dc.subjecttransportation infrastructure
dc.subjecttrial
dc.subjecttrip
dc.subjecttrue
dc.subjectUnion
dc.subjectUrban Development
dc.subjectvehicle
dc.subjectvehicles
dc.subjectviolence
dc.subjectwalking
dc.subjectwater pollution
dc.subjectwealth
dc.titleThe Political Economy of the World Bank : The Early Yearsen
dc.title.alternativeLa economía política del Banco Mundial : los primeros añosen
dc.title.alternativeL'economie politique de la Banque Mondiale : les premieres anneesen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.identifier.doi10.1596/978-0-8213-7647-8
okr.identifier.report55403
okr.language.supporteden
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicGovernance::International Governmental Organizations
okr.topicGovernance::Politics and Government
okr.topicLaw and Development::Corporate Law
okr.topicMacroeconomics and Economic Growth::Political Economy
okr.topicPublic Sector Development
okr.topicTransport
okr.unitOffice of the Publisher (EXTOP)
relation.isAuthorOfPublication6a666a5c-1f8e-55d0-9b50-b59677a7d74b
relation.isAuthorOfPublication.latestForDiscovery6a666a5c-1f8e-55d0-9b50-b59677a7d74b
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