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Positioning the World Bank

Author

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  • Gilbert, Christopher
  • Powell, Andrew
  • Vines, David

Abstract

This article examines the rationale for the World Bank and explores whether its objective is best served by its current mix of activities. We are critical of the Bank's reliance on conditionality, and advocate evolution into a Knowledge Bank, which would lend with few conditions to countries with good policies and good institutions, and would concentrate on the provision of knowledge and technical assistance, rather than lending, in countries where the policy framework is poor. We also advocate an expansion in the Bank's role as a provider of global public goods; we critically examine the Banks role in relation to financial crises.

Suggested Citation

  • Gilbert, Christopher & Powell, Andrew & Vines, David, 1999. "Positioning the World Bank," Economic Journal, Royal Economic Society, vol. 109(459), pages 598-633, November.
    • Handle: RePEc:ecj:econjl:v:109:y:1999:i:459:p:f598-633
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    Citations

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    Cited by:

    1. James Boyce, 2003. "Aid, Conditionality, and War Economies," Working Papers wp70, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Gaoussou Diarra & Patrick Plane, 2014. "Assessing the World Bank's Influence on the Good Governance Paradigm," Oxford Development Studies, Taylor & Francis Journals, vol. 42(4), pages 473-487, December.
    3. Bhaumik, Sumon Kumar, 2005. "Does the World Bank have any impact on human development of the poorest countries? Some preliminary evidence from Africa," Economic Systems, Elsevier, vol. 29(4), pages 422-432, December.
    4. José Antonio Ocampo, 2000. "Recasting the International Financial Agenda," SCEPA working paper series. 2000-18, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    5. Sergio Clavijo, 2000. "Las Multilaterales Y Las Crisis Asiática (1997-2000): La Visión Desde Un País Usuario (Colombia)," Borradores de Economia 3119, Banco de la Republica.
    6. Agostino, Mariarosaria, 2008. "World Bank Conditional Loans and Private Investment in Recipient Countries," World Development, Elsevier, vol. 36(10), pages 1692-1708, October.
    7. James K. Boyce, 2004. "Aid, Conditionality, and War Economies," UMASS Amherst Economics Working Papers 2004-05, University of Massachusetts Amherst, Department of Economics.
    8. Knack,Stephen & Parks,Bradley Christopher & Harutyunyan,Ani & DiLorenzo,Matthew, 2020. "How Does the World Bank Influence the Development Policy Priorities of Low-Income and Lower-Middle Income Countries ?," Policy Research Working Paper Series 9225, The World Bank.
    9. Jonathan Pincus, 2000. "The Post-Washington Consensus and Lending Operations in Agriculture: New Rhetoric and Old Operational Realities," Working Papers 109, Department of Economics, SOAS University of London, UK.
    10. Mallick, Sushanta & Moore, Tomoe, 2005. "Impact of World Bank lending in an adjustment-led growth model," Economic Systems, Elsevier, vol. 29(4), pages 366-383, December.
    11. Yilmaz AKYüZ, 2005. "Reforming The Imf: Back To The Drawing Board," G-24 Discussion Papers 38, United Nations Conference on Trade and Development.
    12. Meltem Yılmaz Şener, 2012. "Turkish Academics as Neoliberal Subjects?," Journal of Developing Societies, , vol. 28(3), pages 299-322, September.
    13. Sylvanus I. Ikhide, 2002. "Institutional Reforms and the Role of Multilateral Aid Agencies," WIDER Working Paper Series DP2002-119, World Institute for Development Economic Research (UNU-WIDER).
    14. Abhijit V. Banerjee & Ruimin He, 2003. "The World Bank of the Future," American Economic Review, American Economic Association, vol. 93(2), pages 39-44, May.
    15. William Perraudin & Andrew Powell & Peng Yang, 2016. "Multilateral Development Bank Ratings and Preferred Creditor Status," IDB Publications (Working Papers) 94656, Inter-American Development Bank.
    16. Goyal, Ashima, 2002. "Reform proposals from developing Asia: finding a win-win strategy," MPRA Paper 30527, University Library of Munich, Germany.
    17. Matteo Bobba & Andrew Powell, 2006. "Multilateral Intermediation of Foreign Aid: What is the Trade-Off for Donor Countries?," Research Department Publications 4500, Inter-American Development Bank, Research Department.
    18. Matteo Bobba & Andrew Powell, 2006. "Mediación multilateral de la ayuda extranjera," Research Department Publications 4501, Inter-American Development Bank, Research Department.
    19. Martin Ravallion & Adam Wagstaff, 2012. "The World Bank’s publication record," The Review of International Organizations, Springer, vol. 7(4), pages 343-368, December.
    20. Sergio Clavijo, 2000. "Las Multilaterales y la Crisis Asiática (1997-2000): La Visión desde un País Usuario (Colombia)," Borradores de Economia 142, Banco de la Republica de Colombia.
    21. Ferreira,Francisco H. G., 2022. "The Analysis of Inequality in the Bretton Woods Institutions," Policy Research Working Paper Series 10149, The World Bank.
    22. Perraudin, William & Powell, Andrew & Yang, Peng, 2016. "Multilateral Development Bank Ratings and Preferred Creditor Status," IDB Publications (Working Papers) 7686, Inter-American Development Bank.

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