What is it about?
This highly critical, yet constructive, volume addresses the World Bank from a social science point of view. It represents a systematic and critical analysis of the role of the World Bank in aid and development cooperation. The emphasis is on the Bank's professed aim of aiding the poor. In addressing this, Payer discusses the Bank's philosophy of development, its policy and operations, and the concrete effects of its projects. Payer concludes that the Bank's policy coincides remarkably well with US economic interests. As for the poverty orientation, it is argued that the Bank does not only fail in helping the poor, but actively assist in appropriating their basic resources.
Photo by Cory Woodward on Unsplash
Why is it important?
This volume was likely the very first outside critique of the World Bank's operation from the point of view of the social sciences. What it found (and it was apparently not an easy task to research and get access) shows that it was a necessary first contribution.
Read the Original
This page is a summary of: Book Nates, Journal of Peace Research, December 1982, SAGE Publications, DOI: 10.1177/002234338201900407.
You can read the full text:
The following have contributed to this page