The World Bank as an International Financial Institution
AbstractThe World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge bureaucratic organization, acting on its own behalf. This interpretation can not be endorsed fully by the available information, but only in the sense of bureau-shaping. The Bank itself is proud of being a knowledge bank. But its actual activity is the popularization of ideas on development and not the application of research outcomes in its day-to-day operations. The most appropriate interpretation of the activity of the World Bank is that its changing scope and size is shaped heavily by pressure from different interest groups. --
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Bibliographic InfoPaper provided by Hamburg Institute of International Economics (HWWA) in its series HWWA Discussion Papers with number 292.
Date of creation: 2004
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Web page: http://www.econstor.eu/handle/10419/20
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international lending; economic development; public goods; interest groups;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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