Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches- "balanced growth" vs. "unbalanced growth" or "program loans" vs. "project loans." This view has the merit to highlight such conflicts in great detail; yet it...

After the Second World War, it was widespread believed that economic growth by itself would ameliorate in a reasonable time the living conditions of all the strata of less developed countries' populations. The World Bank shared this optimistic view, and focused on the financing of single...

During the first three years of the Trump administration, the U.S. economy grew steadily, and the unemployment rate fell to levels unseen since 1969. Donald Trump was swift in crediting the boon to his deregulatory policies, tax cuts, industrial protectionism and trade wars. It should be noted,...

Until the late 1960s, the World Bank presented itself as an institution devoted to making sound and directly productive project loans. Yet, during its very early years, some discussions developed inside the Bank regarding the possibility of issuing different types of loans, namely (i) loans...

Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches - quot;balanced growthquot; vs. unbalanced growth or program loans vs. project loans. This view has the merit to highlight such conflicts in great detail; yet it...

Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches-"balanced growth"vs."unbalanced growth"or"program loans"vs."project loans."This view has the merit to highlight such conflicts in great detail; yet it fails to...

Until the late 1960s, the World Bank presented itself as an institution devoted to sound and directly productive project loans. Yet, during its very early years, some discussions developed inside the Bank regarding the possibility of issuing different types of loans, namely loans which –...

<italic>Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches—“balanced growth” vs. “unbalanced growth,” or “program loans” vs. “project loans.” This view has the merit of highlighting such conflicts in...</italic>