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Beyond the World Bank Agenda – An Institutional Approach to Development - Chicago Scholarship Online
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Beyond the World Bank Agenda: An Institutional Approach to Development

Howard Stein


Despite massive investment of money and research aimed at ameliorating third-world poverty, the development strategies of the international financial institutions over the past few decades have been a profound failure. Under the tutelage of the World Bank, developing countries have experienced lower growth and rising inequality compared to previous periods. This book argues that the controversial institution is plagued by a myopic, neoclassical mindset that wrongly focuses on individual rationality and downplays the social and political contexts that can either facilitate or impede development ... More

Keywords: third-world poverty, development strategies, international financial institutions, World Bank, developing countries, inequality, individual rationality, institutional development, finance, state formation

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780226771670
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226771656.001.0001


Affiliations are at time of print publication.

Howard Stein, author