Thursday, January 18, 2007
World Bank's Problems
The Economist analyzes some criticisms put forward on the World Bank's performance: "They accuse the leadership of taking “new and untested results as hard evidence that its preferred policies work”; and of then using this research to “proselytise on behalf of bank policy”. This has a cost, the inspectors point out. “Placing fragile selected new research results on a pedestal invites later recrimination that undermines the credibility and usefulness of all bank research.”"