Schools Brief: Investing in Growth.

Summary: Pending
"This article in our series on the institutions of economic policy looks at the World Bank. One of the agencies conceived at the Bretton Woods conference in 1944--along with the IMF and the GATT--its task today is to promote growth in poor countries. It was not ever thus. ...the World Bank is a development agency aiming to promote development in poor countries, not to maximise profits ...its staff of 6,000 includes more than 100 nationalities.. Only 8% of its capital is actually handed over...the rest is merely callable in an emergency, which has never happened. So the bank de- pends...on the world's capital markets for its funds."

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  • Description: Electronic reproduction
Read 101 times Last modified on Sunday, 07 May 2017 12:43
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More in this category: « Industrial Crises; the Health of Nations. Technology Leadership and Industrial Competitiveness, Honeywell Lectur No. 3.. »

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