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The State of the World Bank


  • Robert Wade


As the preeminent global development organization, the World Bank has been adapting its products, governance, and ideas to reflect the dramatic changes in its economic and political environment-but not rapidly enough. It continues to push the questionable Washington Consensus idea that integrated global markets for labor and capital are the best route to economic development, and it continues to transfer resources almost entirely through credit and debt. Still, it needs to be defended as one of the few powerful yet truly global economic forums we have.

Suggested Citation

  • Robert Wade, 2010. "The State of the World Bank," Challenge, Taylor & Francis Journals, vol. 53(4), pages 43-67.
  • Handle: RePEc:mes:challe:v:53:y:2010:i:4:p:43-67 DOI: 10.2753/0577-5132530403

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    References listed on IDEAS

    1. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages 1-33, March.
    2. Stephen Nickell & Luca Nunziata & Wolfgang Ochel, 2005. "Unemployment in the OECD Since the 1960s. What Do We Know?," Economic Journal, Royal Economic Society, vol. 115(500), pages 1-27, January.
    3. Thomas Piketty & Emmanuel Saez, 2006. "The Evolution of Top Incomes: A Historical and International Perspective," American Economic Review, American Economic Association, vol. 96(2), pages 200-205, May.
    4. Baccaro, Lucio & Rei, Diego, 2007. "Institutional Determinants of Unemployment in OECD Countries: Does the Deregulatory View Hold Water?," International Organization, Cambridge University Press, vol. 61(03), pages 527-569, July.
    5. Kenworthy, Lane, 2008. "Jobs with Equality," OUP Catalogue, Oxford University Press, number 9780199550609, June.
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    Cited by:

    1. Ilene Grabel, 2015. "The rebranding of capital controls in an era of productive incoherence," Review of International Political Economy, Taylor & Francis Journals, vol. 22(1), pages 7-43, February.

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