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A Chance for the World Bank (Hardcover, Annotated Ed)
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A Chance for the World Bank (Hardcover, Annotated Ed)
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This book is an authoritative and radical manifesto for changes
that are urgently required in development cooperation. The book
predicts that, unless radical steps are taken by the World Bank,
the first decade of the century will witness a ever-widening gulf
between poor and rich countries. Jo Ritzen presents a picture of a
world at a crossroads. One road leads to substantial (radical')
reform in the rich countries, in combination with a substantial
push towards better governance in developing countries. The other
leads to further increases in inequality between rich and poor
countries. Millennium development goals' such as achieving
universal primary education by 2015 or reducing child mortality by
two-thirds in 2015 have had widespread support. They will not be
reached if the world follows this road; unfortunately, the signs
suggest that it has already started to do so. A Chance for the
World Bank provides an overview of the challenges faced by the
World Bank, and explores how it has organized itself to accomplish
its mission. This book proposes that the World Bank still has a
chance to achieve its stated goals; in order to do so, it needs to
take a number of radical steps: to create a level playing field in
trade for the developing countries; to harmonize aid and save
developing countries from the gigantic transaction costs of aid;
and to promote governance in developing countries and to reduce
rigorously induced corruption by multinationals.
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