Faith And Credit: The World Bank's Secular Empire pdf epub fb2

Faith And Credit: The World Bank's Secular Empire by Susan George pdf epub fb2

Faith And Credit: The World Bank's Secular Empire Author: Susan George
Title: Faith And Credit: The World Bank's Secular Empire
ISBN: 0813326079
ISBN13: 978-0813326078
Other Formats: docx lrf mbr mobi
Pages: 288 pages
Publisher: Routledge; 1 edition (September 13, 1994)
Language: English
Category: Business & Money
Size PDF version: 1774 kb
Size EPUB version: 1623 kb
Subcategory: Economics




In its fifty years of existence, the World Bank has influenced more lives in the Third World than any other institution, yet it remains largely unknown, even enigmatic. Although it claims to be a purely economic institution, the Bank wields enormous political power and has succeeded in making its own view of development appear to be the norm.In this richly illuminating and lively overview, Susan George and Fabrizio Sabelli examine the Bank's policies, its internal culture, and the interests it serves. They reveal a supranational, nondemocratic, and extremely powerful institution that functions much like the medieval church or a monolithic political party, relying on rigid doctrine, hierarchy, and a rejection of dissenting ideas to perpetuate its influence. Its faith in orthodox economics, the idea of perpetual growth, and the capacity of the market to solve development problems is incompatible with its professed goals of helping the poor and protecting the environment. Faced with these contradictions, the Bank is increasingly struggling to reconcile the roles of commercial lender, policymaker, and great humanitarian. This book is crucial reading for anyone interested in development and economy of the Third World, especially for international, political, and development economists.