Despite massive investment of money and research aimed at ameliorating
third-world poverty, the development strategies of the international financial
institutions over the past few decades have been a profound failure. Under the
tutelage of the World Bank, developing countries have experienced lower growth
and rising inequality compared to previous periods. In "Beyond the World Bank
Agenda," Howard Stein argues that the controversial institution is plagued by a
myopic, neoclassical mindset that wrongly focuses on individual rationality and
downplays the social and political contexts that can either facilitate or impede
development.
Drawing on the examples of Africa, Asia, Latin America, and transitional
European economies, this revolutionary volume proposes an alternative