Brave New Words? A Critique of Stiglitz’s World Bank Rethink
Guy Standing
Development and Change, 2000, vol. 31, issue 4, 737-763
Abstract:
While in the position of Chief Economist of the World Bank, Joseph Stiglitz produced a string of papers, one of which proposed moving beyond the ‘Washington consensus’ to a ‘new development paradigm’, which he hoped the World Bank would espouse. This article offers a critique of that paper and the premises underlying any attempt to reposition an international banking agency. In particular, it focuses on Stiglitz’s attempt to jettison ‘conditionality’ and his argument that developmental assistance should seek to foster socio‐economic transformation and not be about ‘projects’. It also considers the ramifications of the call to make the World Bank ‘the knowledge bank’. Finally, it highlights what is missing from the proposed paradigm, bearing in mind the World Bank’s new ‘holistic development framework’.
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
https://doi.org/10.1111/1467-7660.00175
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:devchg:v:31:y:2000:i:4:p:737-763
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0012-155X
Access Statistics for this article
More articles in Development and Change from International Institute of Social Studies
Bibliographic data for series maintained by Wiley Content Delivery ().