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.”"

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