Jump to ContentJump to Main Navigation
Behind the Development BanksWashington Politics, World Poverty, and the Wealth of Nations$
Users without a subscription are not able to see the full content.

Sarah Babb

Print publication date: 2009

Print ISBN-13: 9780226033648

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226033679.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 17 September 2021

The Reagan Revolution

The Reagan Revolution

(p.70) Chapter Three The Reagan Revolution
Behind the Development Banks
University of Chicago Press

This chapter investigates the earliest consequences of Ronald Reagan's revolution for the multilateral development banks (MDBs). The Reagan revolution would have two immediate consequences for the MDBs. The first was the selection of some forms of World Bank economic expertise over others, which contributed to a shift in the Bank's research output. The second was a new framing of U.S. interests in the MDBs, one in which American diplomatic interests in the banks were set aside. The 1982 Treasury assessment argued that the banks responded to U.S. leadership, promoted U.S. interests, and could be used even more effectively. The Reagan administration's program for the MDBs was the basis for a new intragovernment consensus across the executive and the legislative branches, and it also helped bridge differences between Democrats and Republicans. Although the Treasury assessment was immediately successful as a political document, it was less so as a policy document.

Keywords:   Ronald Reagan, Reagan revolution, World Bank, American diplomatic interests, 1982 Treasury assessment

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.