Beyond The World Bank Agenda: An Institutional Approach To Development

Paperback | October 13, 2014

byHoward Stein

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Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. In Beyond the World Bank Agenda, Howard Stein argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development.
            Drawing on the examples of Africa, Asia, Latin America, and transitional European economies, this revolutionary volume proposes an alternative vision of institutional development with chapter-length applications to finance, state formation, and health care to provide a holistic, contextualized solution to the problems of developing nations. Beyond the World Bank Agenda will be essential reading for anyone concerned with forging a new strategy for sustainable development. 
 

 
 
 
 

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Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compare...

Howard Stein is a professor at the University of Michigan’s Department of Afroamerican and African Studies.    
Format:PaperbackDimensions:320 pages, 9 × 6 × 1 inPublished:October 13, 2014Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:022621477X

ISBN - 13:9780226214771

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Extra Content

Table of Contents

List of Illustrations

List of Abbreviations

Preface

Acknowledgments


Part I. Reflections on the History of the World Bank Agenda

1. The Ascendancy of Economics in the World Bank, 1944–1979: From Infrastructure to Structural Adjustment

2. From Structural Adjustment to “Poverty Reduction”: Adjustment to the Crisis and the Crisis of Adjustment after 1980


Part II. Economic Theory and the World Bank Agenda: A Critical Evaluation

3. Economic Theory and Orthodox Reform: Critical Reflections on Structural Adjustment
4. Institutions and the “Missing Link” in the World Bank’s Strategy: Toward a Critique


Part III. Beyond the World Bank Agenda: An Institutional Approach to Development

5. Building on Lost Foundations: The Institutional Matrix and Socioeconomic Development

6. State Formation as an Institutional Phenomenon

7. An Institutional Approach to Financial Development

8. Transcending Neoliberal Health Policies

9. Conclusion: Beyond the World Bank Agenda


Notes

Bibliography

Editorial Reviews

"A fascinating analysis of World Bank policies and lending, focusing primarily on the theory and practice of structural adjustment. . . . The historical aspects of the presentation are especially interesting, as are institutional details in the chapters on financial repression and health policy."