Behind the Development Banks

Washington Politics, World Poverty, and the Wealth of Nations

By: Sarah Babb

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Paperback | 15 June 2009 | Edition Number 1

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336 Pages

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The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politicsâ"particularly by the legislative branch and its power of the purse.

Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual âsellingâ of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible Americaâs threat to abandon the banks if its policy preferences are not followed. At a time when the United Statesâ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

Industry Reviews

"I know of no other book which examines full-on the impact of Washington politics - and especially the unique split between executive branch and legislative branch in the American polity - on the functioning of a multilateral organization. Sarah Babb has delved deeply into archival sources and supplemented them with more academic literature and some interviews. The result is a well-written book, accessible to a wide readership and not just to students and scholars." - Robert H. Wade, London School of Economics and Political Science"

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You Can Find This Book In

Non-Fiction Reference, Information & Interdisciplinary Subjects Interdisciplinary Studies Development Studies Economics Development Economics & Emerging Economies Accounting & Finance Finance Banking Political Economy Business & Management International Business

Preface	p. ix
Introduction	p. 1
The Banks and Their Shareholders	p. 20
The Congressional Revolt	p. 46
The Reagan Revolution	p. 70
Disciplining the Banks	p. 99
The Emergence of the Washington Consensus	p. 126
The Consensus Evolves	p. 148
The Banks and Civil Society	p. 180
Into the New Millennium	p. 207
Notes	p. 237
Bibliography	p. 267
Index	p. 293
Table of Contents provided by Ingram. All Rights Reserved.

Behind the Development Banks

Washington Politics, World Poverty, and the Wealth of Nations

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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