A Chance For The World Bank

by Ritzen, Jozef

• ISBN13: 9781843311621
• ISBN10: 1843311623
• Format: Paperback
• Copyright: 2005-05-30
• Publisher: Anthem Pr

Summary

This book is an authoritative and radical manifesto for urgently needed changes in development cooperation. It proposes that, unless radical steps are taken by the World Bank, the first decade of the century will witness an ever-widening gulf between the poor and rich countries.

Author Biography

Jozef Ritzen is President of the Universiteit Maastricht. Previously he was Vice President of the World Bank’s Development Economics Department (2001–3) and was the Minister of Education, Culture and Science for The Netherlands (1989–98).

Table of Contents

List of Illustrations and Maps	xi
List of Tables	xiii
Acknowledgments	xv
Foreword	xvii
Joseph Stiglitz
Abbreviations	xxi
Introduction: Off on the Wrong Foot	1	(10)
Part I Why Development Assistance: Setting the Stage
Poverty Remains a Concern	11	(24)
Poverty in the World	13	(4)
Development Aid and Other Transfers	17	(5)
More Awareness is Needed	22	(1)
Poverty and Globalization	22	(6)
The Objectives of Development Assistance; Millennium Development Goals	28	(7)
Globalization Does Not Automatically Lead to Convergence	35	(36)
Bootstrap Lifting: No Easy Challenge	40	(1)
Globalization and Divergence	41	(4)
The Failure of the Washington Consensus	45	(6)
The Trade Playing Field is not Level	51	(4)
Whose Corruption?	55	(4)
Civic Conflict	59	(3)
Tertiary Education and Divergence	62	(3)
Equitable Globalization	65	(6)
Part II The World Bank: A Close Encounter
Shifts in Development Paradigms	71	(10)
1945--Early 1950s: Reconstruction and Investment	73	(1)
1950s--1960s: Foreign Exchange	74	(1)
1970s: Oil Price Hikes and Confusion	75	(1)
1980s: Free Markets	76	(1)
The 1990s: The End of the Cold War; Governance	77	(1)
The Start of a New Millennium	78	(3)
Decision-Making at the World Bank	81	(26)
Sixty Years of the World Bank	82	(4)
How the World Bank was Established	86	(5)
The Development Committee	91	(7)
Executive Directors	98	(1)
US Treasury Dominance	99	(5)
Developing Countries	104	(3)
The Different Faces of the World Bank	107	(26)
The University Bank	111	(3)
The Washington Consensus Bank	114	(5)
The External Relations Bank	119	(2)
The Matrix Bank	121	(5)
The Scaling-Up Bank	126	(7)
Part III Spinning the Global Economy
Partners in Development Assistance	133	(16)
The United Nations Family	135	(2)
The IMF	137	(6)
Bilaterals	143	(6)
Civil Society and Development	149	(16)
Civil Society as a Partner	151	(1)
Engaging Public Opinion	152	(3)
How Civil are Trade Unions?	155	(3)
The Private Sector	158	(2)
Supporting Civil Society	160	(5)
Part IV A Prospect for Development Cooperation. A Chance for the World Bank?
Successes and Failures	165	(20)
Ownership and Focused Aid as a Success	167	(3)
Clarifying Ownership and Governance	170	(3)
Debt Relief: A Small Step	173	(3)
Old Fashioned `Advisory' as a Failure	176	(6)
Insufficient Coordination and Insufficient Generosity as a Failure	182	(3)
A Chance for the World Bank?	185	(18)
Increase Efficiency and Effectiveness	187	(4)
Increase Public Support	191	(2)
Improve the Rules of Globalization	193	(1)
Use the Power of the Diaspora and Prevent Brain Drain	194	(4)
Loans and Grants	198	(1)
A Chance for the World Bank	198	(5)
Notes	203