"The Political Economy of the World Bank: The Early Years" is a
fascinating study of economic history. This text describes perhaps
what is the most crucial time for development economics: the birth
of the "third world," the creation of development economics as a
discipline, and the establishment of the World Bank's leading role
in development.
Using previously unavailable archival material, Michele Alacevich
takes a close look at the years during which the International Bank
for Reconstruction and Development--now known as the World Bank--
turned its attention from reconstruction to development, having
been upstaged by the Marshall Plan.He describes the "Currie
Mission" to Colombia (1949-1954), the World Bank's first general
survey mission in a developing nation. With the Currie Mission as a
starting point and a case study, Alacevich analyzes the
complexities of the Bank's first steps toward economic and social
development in poorer nations, and helps the reader understand some
foundational questions about development that are still of great
relevance today.
"The Political Economy of the World Bank: The Early Years" is
essential reading for anyone interested in the economic history of
international development as a lens for better understanding
current development issues.
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