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Positioning the World Bank

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Author Info

  • 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.

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Bibliographic Info

Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 109 (1999)
Issue (Month): 459 (November)
Pages: F598-633

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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. Ravallion, Martin & Wagstaff, Adam, 2010. "The World Bank's publication record," Policy Research Working Paper Series 5374, The World Bank.
  2. Sergio Clavijo, 2000. "Las Multilaterales Y Las Crisis Asiática (1997-2000): La Visión Desde Un País Usuario (Colombia)," BORRADORES DE ECONOMIA 003119, BANCO DE LA REPÚBLICA.
  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. Sergio Clavijo, . "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.
  5. 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.
  6. José Antonio OCAMPO, 2001. "Recasting The International Financial Agenda," G-24 Discussion Papers 13, United Nations Conference on Trade and Development.
  7. 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.
  8. Agostino, Mariarosaria, 2008. "World Bank Conditional Loans and Private Investment in Recipient Countries," World Development, Elsevier, vol. 36(10), pages 1692-1708, October.
  9. Goyal, Ashima, 2002. "Reform proposals from developing Asia: finding a win-win strategy," MPRA Paper 30527, University Library of Munich, Germany.
  10. Ikhide, Sylvanus I., 2002. "Institutional Reforms and the Role of Multilateral Aid Agencies," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  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. James K. Boyce, 2004. "Aid, Conditionality, and War Economies," UMASS Amherst Economics Working Papers 2004-05, University of Massachusetts Amherst, Department of Economics.
  13. James Boyce, 2003. "Aid, Conditionality, and War Economies," Working Papers wp70, Political Economy Research Institute, University of Massachusetts at Amherst.
  14. Matteo Bobba & Andrew Powell, 2006. "Mediación multilateral de la ayuda extranjera," Research Department Publications 4501, Inter-American Development Bank, Research Department.
  15. 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.
  16. 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.

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