Author : Stanley Please
Publisher : Routledge
ISBN 13 : 1000302199
Total Pages : 124 pages
Book Rating : 4.0/5 (3 download)
Book Synopsis The Hobbled Giant by : Stanley Please
Download or read book The Hobbled Giant written by Stanley Please and published by Routledge. This book was released on 2020-01-24 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1984. In these essays, Stanley Please contends that the World Bank is constrained in its ability to use its position and .power in the interests of more rapid development of the poorer countries of the world. These constraints derive in large part from the legal restriction on the Bank to engage primarily in project lending and from the division of responsibility between the ·Bank and its sister institution, the International Monetary Fund (IMF). Although the Bank's financing of projects and investment programs has made a significant contribution, Mr. Please argues that greater Bank involvement in national policy formation can greatly benefit economic development. He looks at ways to increase cooperation between the Bank and the IMF, examines the policy work the Bank has done in the past and assesses the capacity of the Bank for policy formation, evaluates the need for it to do more such work, and discusses the likely responses of developing and developed countries to these changes