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The Political Economy of Development: The World Bank, Neoliberalism and Development Research (IIPPE) [Paperback]

Kate Bayliss , Ben Fine , Elisa Van Waeyenberge

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Book Description

6 May 2011 0745331033 978-0745331034
Any student, academic or practitioner wanting to succeed in development studies, radical or mainstream, must understand the World Bank's role and the evolution of its thinking and activities. The Political Economy of Development provides tools for gaining this understanding and applies them across a range of topics.

The research, practice and scholarship of development are always set against the backdrop of the World Bank, whose formidable presence shapes both development practice and thinking. This book brings together academics that specialise in different subject areas of development and reviews their findings in the context of the World Bank as knowledge bank, policy-maker and financial institution. The volume offers a compelling contribution to our understanding of development studies and of development itself.

The Political Economy of Development is an invaluable critical resource for students, policy-makers and activists in development studies.


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This powerful volume provides a highly effective critique of the 'knowledge' activities of the World Bank, both substantively and methodologically. It is highly recommended to anyone who wants to really understand how ideas are developed, legitimised, and propagated in the development policy establishment. (Ha-Joon Chang, University of Cambridge, author of Kicking Away the Ladder and Bad Samaritans )

Most critical analyses of the World Bank have focused on the adverse impact of the tens of billions of dollars it lends each year. Only a few of us have ventured into the equally important terrain of World Bank research. Bayliss, Fine and Van Waeyenberge do a great service by putting together what I believe to be the first book, and certainly the most comprehensive, on this subject. (Dr Robin Broad, Professor at American University, Washington DC and co-author of Development Redefined: How the Market Met its Match )

Excellent… a profound, convincing critique of the World Bank approach to development research and policy. The Bank’s continuing dominance in these areas after the global financial crisis makes this book valuable and urgent. It is analytically sound, empirically grounded and carefully argued. Scholars and researchers will benefit…policy makers and practitioners in developing countries must read it. (Jayati Ghosh, Professor of Economics at Jawaharlal Nehru university, New Delhi, and the Executive Secretary of International Development Economics Associates (IDEA) )

About the Author

Kate Bayliss has been working on public sector reform for over a decade with particular focus on privatisation of water and electricity. She has worked as a consultant for international agencies and NGOs.

Ben Fine is Professor of Economics, School of Oriental and African Studies, University of London and Senior Research Fellow attached to the South African Research Chair in Social Change, University of Johannesburg. He is the author of Theories of Social Capital (Pluto, 2010) and co-authored the award-winning books From Economics Imperialism to Freakonomics (2009) and From Political Economy to Economics (2008).

Elisa Van Waeyenberge has worked on the World Bank for over a decade. She lectures at SOAS and consults for international organisations.

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