The World Bank (WB) was found in accordance with the Bretton Woods agreement in 1944 with the mission of assisting post war reconstruction and alleviating poverty. The WB is an international institution that aims to expand development through the allocation of loans in developing countries with...

This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...

Researchers have linked sub-Saharan Africa's (SSA) poor growth performance in recent decades to several factors, including geography, institutions, and low returns to investment. This literature has not yet integrated the research that identifies linkages between gender, economic development,...

This paper puts sub-Saharan Africa's economic development into perspective. While much did not go as hoped for at independence, much of the region has been on a more promising development trajectory since the mid-1990s, as we illustrate using growth, poverty, and human development indicators. We...

Abstract This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward...

International organizations have expressed widespread agreement that gender equality is an important social and economic goal. Well-being is a multidimensional measure of material status and encompasses income, health, education, empowerment, relative economic and social status, and security,...

One feature of adjustment loans that has been often overlooked in their evaluation is their frequent repetition to the same country, with such extremes as the 30 IMF and World Bank adjustment loans to Argentina over 1980-99 or the 26 adjustment loans to Cote d'Ivoire and Ghana. The rate of...

Impact evaluation provides a measure of aid effectiveness, that is how good development aid is at reducing poverty. Critics of aid argue that there have been few attempts to measure its impact. This may have been true in the past, but there is a growing body of literature on impact evaluation....

Understanding how to rebuild resilient states in postconflict countries is an urgent priority for the international community. A new cross-country study of public financial management reforms in postconflict situations shows that substantial progress is possible even in difficult circumstances,...

Over the last century, the world has seen a sustained decline in the proportion of people living in poverty. However, there is an increasing concern that climate change could slow or possibly even reverse poverty reduction progress. Given the complexities involved in analyzing climate change...