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The World Bank Near the Turn of the Century

In: Global Development Fifty Years after Bretton Woods

Author

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  • Gustav Ranis

Abstract

The fiftieth anniversary of any institution, including those institutions created at Bretton Woods, should serve as an occasion not so much to celebrate past accomplishments as to assess the need for changes required in the light of altered circumstances. Unfortunately, the World Bank’s own recently released effort whose title promises just that,1 misses the opportunity and is largely a justification of what has been done, and basically a public relations document. While it states (p. 17) that ‘the Bank Group has made its share of mistakes’, one searches in vain for either an enumeration or elucidation of these mistakes; nor is there any discussion of just how the Bank intends to behave differently in the future.

Suggested Citation

  • Gustav Ranis, 1997. "The World Bank Near the Turn of the Century," Palgrave Macmillan Books, in: Roy Culpeper & Albert Berry & Frances Stewart (ed.), Global Development Fifty Years after Bretton Woods, chapter 5, pages 72-89, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25570-2_5
    DOI: 10.1007/978-1-349-25570-2_5
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    Cited by:

    1. Thomas Barnebeck Andersen & Henrik Hansen & Thomas Markussen, 2006. "US politics and World Bank IDA-lending," Journal of Development Studies, Taylor & Francis Journals, vol. 42(5), pages 772-794.
    2. Anthony Bebbington & Scott Guggenheim & Elizabeth Olson & Michael Woolcock, 2004. "Exploring Social Capital Debates at the World Bank," Journal of Development Studies, Taylor & Francis Journals, vol. 40(5), pages 33-64.

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