《A CHANCE FOR THE WORLD BANK》

1.Introduction: Off on the Wrong Foot1

Part I Why Development Assistance: Setting the Stage9

2.Poverty Remains a Concern11

2.1 Poverty in the World13

2.2 Development Aid and Other Transfers17

2.3 More Awareness is Needed22

2.4 Poverty and Globalization22

2.5 The Objectives of Development Assistance; Millennium Development Goals28

3.Globalization Does Not Automatically Lead to Convergence35

3.1 Bootstrap Lifting: No Easy Challenge40

3.2 Globalization and Divergence41

3.3 The Failure of the Washington Consensus45

3.4 The TradePlaying Field is not Level51

3.5 Whose Corruption?55

3.5a Civic Conflict59

3.6 Tertiary Education and Divergence62

3.7 Equitable Globalization65

Part II The World Bank: A Close Encounter69

4.Shifts in Development Paradigms71

4.1 1945-Early 1950s: Reconstruction and Investment73

4.2 1950s-1960s: Foreign Exchange74

4.3 1970s: Oil Price Hikes and Confusion75

4.4 I980s: Free Markets76

4.5 The 1990s: The End of the Cold War; Governance77

4.6 The Start of a New Miilennium78

5.Decision.Making at the World Bank81

5.1 Sixty Years of the World Bank82

5.2 How the World Bank was Established86

5.3 The Development Committee91

5.4 Executive Directors98

5.5 US Treasury Dominance99

5.6 Developing Countries104

6.The Different Faces of the World Bank107

6.1 The University Bank111

6.2 The Washington Consensus Bank114

6.3 The External Relations Bank119

6.4 The Matrix Bank121

6.5 The Scaling Up Bank126

Part III Spinning the Global Economy131

7.Partners in Development Assistance133

7.1 The United Nations Family135

7.2 The IMF137

7.3 Bilaterals143

8.Civil Society and Development149

8.1 Civil Society as a Partner151

8.2 Engaging Public Opinion152

8.3 How Civil are Trade Unions?155

8.4 The Private Sector158

8.5 Supporting Clvil Society160

Part IV A Prospect for Development Cooperation A Chance for the World Bank?163

9.Successes and Failures165

9.1 Ownership and Focused Aid as a Success167

9.2 Clarifying Ownership and Governance170

9.3 Debt Relief: A Small Step173

9.4 Old Fashioned 'Advisory' as a Failure176

9.5 Insufficient Coordination and Insufficient Generosity as a Failure182

10. A Chance for the World Bank?185

10.1Increase Efficiency and Effectiveness187

10.2 Increase Public Support191

10.3 Improve the Rules of Globalization193

10.4 Use the Power of the Diaspora and Prevent Brain Drain194

10.5 Loans and Grants198

I0.6 A Chance for the World Bank198

Notes203