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World Bank

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Market maker: Friedrich Hayek in London, July 1983

PA IMAGES/ALAMY STOCK PHOTO

A World Safe for Capital

Stephen Wertheim reviews "Globalists: The End of Empire and the Birth of Neoliberalism" by Quinn Slobodian, the story of how a small set of neoliberal intellectuals in central Europe laid the foundations for a global economy integrated by the flow of capital.

Stephen Wertheim

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Globalization May/June 2019 Review Essay

A World Safe for Capital

Stephen Wertheim reviews "Globalists: The End of Empire and the Birth of Neoliberalism" by Quinn Slobodian, the story of how a small set of neoliberal intellectuals in...

Reviewed by Stephen Wertheim

World Bank Feb 19, 2019 Snapshot

A Battle Plan for the World Bank

Jim Yong Kim's successor at the World Bank—be it David Malpass or another candidate—will face a big task. Kim understood that fulfilling the bank’s mission of...

David Miliband

Rohingya refugees at a camp in Cox’s Bazar, Bangladesh, November 2018

IMF Jul 27, 2015 Snapshot

Out of the Bretton Woods

The creation of the AIIB means that the International Monetary Fund (IMF) and the World Bank now have an Asian counterpart—one that does not subject its loans to the...

Rebecca Liao

Economics March/April 2012 Essay

Why We Still Need the World Bank

More than 60 years after the World Bank was founded, developing countries still turn to it for financing and expertise. But the world is changing, and so must the bank...

Robert B. Zoellick

From the Archives: International Institutions

As World War II came to an end, international institutions began to take shape in earnest, and they came to guide discussions of security, legal, and economic issues.

Explore the Anthology

World Bank April 1952 Essay

The World Bank at Work

Eugene R. Black

World Bank - Foreign Affairs

World Bank July 1949 Essay

The Lesson of the World Bank

John J. McCloy

World Bank - Foreign Affairs

Economics Jun 9, 2011 Snapshot

Can the BRICs Take the IMF?

As the race to replace Dominique Strauss-Kahn at the IMF heats up, emerging markets finally have a shot at the head table. Here's why they might fail to seize it --...

Sebastian Mallaby

Economics - Foreign Affairs

Globalization November/December 2010 Essay

Irresponsible Stakeholders?

A major strategic challenge for the United States in the coming decades will be integrating emerging powers into international institutions. To hold the postwar order...

Stewart Patrick

South Africa - Foreign Affairs

Economics May/June 2009 Response

Comparing Crises

Does the current financial crisis resemble Japan's "lost decade" of the 1990s? It may be even worse, argues Robert Madsen. Not so, replies Richard Katz.

Robert Madsen; Richard Katz

North America - Foreign Affairs

Law & Institutions Sep 1, 2001 Postscript

Interview with the Author

Jessica Einhorn discusses World Bank reform.

Jessica Einhorn

Economics January/February 2006 Comment

Reforming the World Bank

The World Bank's outdated financial structure is a threat to its continued relevance. Paul Wolfowitz, the bank's new president, should begin closing the wing of the ...

Jessica Einhorn

Economics - Foreign Affairs

Finance July/August 2005 Letter

Standards and Poor

To the Editor:

Peter Bosshard

Finance - Foreign Affairs

Economics May/June 2005 Essay

Saving the World Bank

The next World Bank president will confront a nearly impossible challenge: saving the institution from a curious alliance of conservatives and radical activists that...

Sebastian Mallaby

Economics - Foreign Affairs

Economics September/October 1994 Essay

The World Bank: Is 50 Years Enough? A Child of War, a Parent of Prosperity

The World Bank Group was a child of World War II, conceived to help developing countries build infrastructure, establish the foundations of economic self- sufficiency,...

Henry Owen

Economics - Foreign Affairs

Economics Summer 1989 Essay

Making the Brady Plan Work

The Brady plan, for reducing Third World debt through cuts in principal and/or interest, will probably fail if creditor participation remains voluntary, with each bank...

Jeffrey Sachs

Economics - Foreign Affairs

Economics Summer 1983 Essay

LDC Debt: Beyond Crisis Management

Over the past year, the problem of the debt of less-developed countries has been of intense concern not only to the private banks which hold most of that debt, but to...

William H. Bolin and Jorge Del Canto

Economics - Foreign Affairs

Economic Development Fall 1981 Essay

Reconsiderations: Robert McNamara at the World Bank

From April 1, 1968 to June 30, 1981, Robert McNamara served as President of the International Bank for Reconstruction and Development, more commonly known as the World...

William Clark

Economic Development - Foreign Affairs

Economics July 1973 Essay

McNamara's World Bank

On March 31 of this year, Robert McNamara completed the first five years of his ten-year term as President of the World Bank Group. He has almost doubled in real terms...

Escott Reid

Economics - Foreign Affairs

Economics October 1963 Essay

Reforming the International Monetary System

Since the return of convertibility among the currencies of most major industrial countries at the beginning of 1959, a crisis affecting at least one major currency has...

Robert V. Roosa

Economics - Foreign Affairs

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