Political economy of the world bank: the early years/
Michele Alacevich.
- Washington: Stanford University Press, 2009.
- xvi, 197 p. : ill. ; 23 cm.
Preface -- Acknowledgments --1: World Bank And Development -- Historical context -- Methodological framework -- Pars Destruens -- Pars Construens -- 2 Currie Mission In Colombia, 1949-1953 -- Importance of the Colombia Mission for the Switch from Reconstruction to Development -- End of the Reconstruction Phase -- Initial contacts between the Colombian Government and the IBRD -- Collaboration between Lauchlin Currie and the IBRD -- Mission collects information -- Putting the team together -- First IBRD general survey mission, Colombia 1949 -- Currie Mission Report -- Comite de Desarrollo Economico (1950-1951) and the Consejo National de Planificacion (1952-1954) -- Evolution of the relationship between Currie and the World Bank -- Tensions within the Comite de Desarrollo Economico -- Difficult beginning of the Consejo National de Planificacion (1952-1953) -- End of the affair -- 3 Economic Development In Theory And Practice -- Development approaches: balanced versus unbalanced growth -- Balanced growth -- Unbalanced growth -- Development approaches: program loans versus project loans -- Program loans -- Project loans -- Debate on development reverberates inside the IBRD -- Conflicting approaches: program versus project -- Program versus project: the bank's changing attitude -- Autobiographical notes -- Currie versus Hirschman: monetary and fiscal policy -- Analyzing the situation -- Hypotheses -- Clash -- Currie versus Hirschman: iron and steel production -- Analysis of the Currie Mission -- Interests at odds -- Informe de la Mision Parael Comite and the flesher solution -- Steel and development: reasons for disagreement -- Changing alliances --Agreements and disagreements -- Sociological interpretation of the development economics debate: Robert K Merton and the "Kindle Cole" principle -- 4: At The Root Of The Bank's Policy Advice -- Urban development plan for Barranquilla -- Request for IBRD financing -- Why did the bank refuse financing? -- IBRD and housing loans -- ILO proposal and the first IBRD comments -- Disengagement of the IBRD -- Discussions at the bank: impact loans and social loans -- Impact loans -- Social loans -- Bank's relentless preference for directly productive loans -- Raising funds in the US capital market -- Wall street men -- US foreign economic policy and the wane of the New Deal -- Early successes of the bank: an obstacle to change -- Coda: the end of the debate -- Reorganization of 1952 -- Black's bank -- Conclusions -- Notes -- Bibliography -- Index of names.