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Beyond the World Bank Agenda: An Institutional Approach to Development


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#2862927 in eBooks 2008-09-15 2008-09-15File Name: B001OW65BG1 of 1 people found the following review helpful. A post-neoliberal agenda for global developmentBy Padraig CarmodyHoward Stein has written an important new book which seeks to get us to think about the importance of institutional development, context, history and complexity. He eschews simple one size fits all "market is best" approaches to draw on the lessons of history and great thinkers such as Gunnar Myrdal to develop a nuanced argument about the importance of the state in fostering a dynamldquo;Every year books, about the World Bank are published.nbsp;Few make an impact beyond the moment, if at all.nbsp;This book does more than make an impact: it sets the standard. Its power lies in 1) its historical analysis to place World Bank practice in context, and 2) a sophisticated yet accessDespite 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 wr...

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