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The State of the World Bank

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  • Robert Wade

Abstract

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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    Cited by:

    1. Lars Engberg‐Pedersen, 2021. "Is the influence of neoliberalism on development norms waning? Evidence from the Addis Ababa Action Agenda and the 2030 Agenda for Sustainable Development," Development Policy Review, Overseas Development Institute, vol. 39(4), pages 682-700, July.
    2. Ilene Grabel, 2010. "Promising Avenues, False Starts and Dead Ends: Global Governance and Development Finance in the Wake of the Crisis," Working Papers wp241, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. 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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