Reinventing the World Bank

Reinventing the World Bank by Jonathan R. Pincus, Jeffrey A. Winters

Title: Reinventing the World Bank
Author: Jonathan R. Pincus, Jeffrey A. Winters
ISBN10: 0801440378
ISBN13: 978-0801440373
Publisher: Cornell Univ Pr (October 1, 2002)
Language: English
Subcategory: Politics & Government
Size PDF: 1426 kb
Size Fb2: 1707 kb
Rating: 3.7/5
Votes: 349
Pages: 288 pages
Other Format: azw lit txt lrf

Reinventing the World Bank by Jonathan R. Pincus, Jeffrey A. Winters


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Largely ignored for decades, the World Bank increasingly finds itself at the center of an international political maelstrom. Attacked by the Right as the last bastion of socialism and by the Left as an instrument of economic imperialism, the Bank has struggled to adapt to a changing post-Cold War era. Still the world's leading development institution in terms of size and influence, the International Bank for Reconstruction and Development's failure to articulate and implement a convincing strategy to reduce world poverty has left it vulnerable to the charge that, at least in its present form, it has outlived its usefulness.

In a book neither funded nor controlled by its subject, leading North American and British scholars critically examine the World Bank. They contend that an institution that has grown to unmanageable proportions through internally driven change cannot realistically be expected to effect its own reform program. All the Bank's previous attempts at self-redesign have failed, and the contributors argue it is beyond reform; it must be reinvented.

Reinvention involves a thoroughgoing and externally controlled process of transformation, starting from basic principles and encompassing three closely related dimensions: operations, or the fit between the Bank's lending program and its development objectives; concepts, its vision of development and anti- poverty strategy; and power, which includes the Bank's relationships with member countries and the wider public, as well as structures of internal governance and accountability.