Aid and Power: Vol 2
The World Bank and Policy-Based Lending
Routledge (Publisher)
Published on 31. May 1991
Book
Paperback/Softback
448 pages
978-0-415-06409-5 (ISBN)
Description
The international recession of the early 1980s left many less developed countries in a precarious position as their exports demised, private capital flows were sharply reduced and interest rates rose. Major aid donors, in particular The World Bank, responded with a revolution in aid policy - the introduction of structural adjustment lending. Financial flows to developing countries were, increasingly accompanied by demands for changes in policy, generally of a type that reduced the level of governemnt intervention in the economy. This book examines what this has meant, both for The World Bank and for the recipients of aid. The bargaining process determining the level of aid and the conditions attached to it has become more complicated and in practice, The World Bank has not been in as strong a position as might be imagined. The Bank has been keen to disburse the money which is available to it in the form of aid and to implement its conditions; recipient countries have frequently only been keen to receive the money. If the Bank retaliates when its conditions are not met by withholding money in the future, it threatens its ability to disburse aid.
This book should be of interest to lecturers and students of development economics, international relations and the politics of development.
This book should be of interest to lecturers and students of development economics, international relations and the politics of development.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-0-415-06409-5 (9780415064095)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Content
Introduction and Synthesis, Paul Mosley; Turkey, Colin Kirkpatrick and Ziya Onis; Philippines, Paul Mosley; Thailand, Chaipat Sahasakul et al; Ghana, John Toye; Malawi, Jane Harrigan; Kenya, Paul Mosley; Jamaica, Jane Harrigan; Guyana, Jane Harrigan; Ecuador, Paul Mosley.