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32. Crisis? What Crisis? The World Bank and Housing Finance for the Poor
- Author:
- Elisa Van Waeyenberge
- Publication Date:
- 07-2015
- Content Type:
- Working Paper
- Institution:
- School of Oriental and African Studies - University of London
- Abstract:
- This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of far- reaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank’s housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank’s current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.
- Topic:
- International Cooperation, Poverty, World Bank, Finance, Housing, and Economic Crisis
- Political Geography:
- Global Focus
33. A Paradigm Shift thatNever Will Be?:Justin Lin’s New Structural Economics (pdf)
- Author:
- Ben Fine and Elisa Van Waeyenberge
- Publication Date:
- 01-2013
- Content Type:
- Working Paper
- Institution:
- School of Oriental and African Studies - University of London
- Abstract:
- This paper assesses the attempt by Justin Lin, former Chief Economist of the World Bank, to posit a new development paradigm through his New Structural Economics, NSE. Lin’s attempt to redefine development economics deserves scrutiny for at least two reasons. He launched his new framework from the platform that his position as Chief Economist at the Bank. Critical scrutiny of his propositions then allows for continued insights into the complex relationship between scholarship and policy at the Bank and further illuminates, more broadly, the role of the Bank across the spectrum of development economics, development studies and development policy. Second, Lin’s framework claims a return to a “structural” understanding of development, with a strong industrial policy rhetoric emanating from it. This has been greeted with considerable enthusiasm by erstwhile critics of the Bank. Closer scrutiny of the NSE, however, both reveals the flawed nature of its core theoretical notion of comparative advantage and exposes its strong, if unfortunately conservative, commitment to a flawed and incoherently applied neoclassical economics. These issues are explored across Lin’s propositions regarding structural change, the role of the state and finance and are further examined in the context of specific policy interventions that Lin attaches to the NSE.
- Topic:
- Development, Economics, Industrial Policy, World Bank, and Economic structure
- Political Geography:
- Global Focus
34. The "Market-Friendly Approach to Development" vs. an "Industrial Policy"
- Author:
- Ajit Singh
- Publication Date:
- 02-1993
- Content Type:
- Special Report
- Institution:
- Institute for Development and Peace
- Abstract:
- As Mr. Barber Conable observes in his Foreword, the World Development Report 1991 "synthesises and interprets the lessons of forty years of development experience" (p. iii). In view of the World Bank's leading role in development financing for poor countries around the globe over much of this period, this is clearly an important document. The Report is necessarily being taken very seriously in policy making circles throughout the developing world. It is therefore essential that there should be a full analysis of its intellectual approach and the evidence underlying its conclusions.
- Topic:
- Development, Industrial Policy, Markets, and World Bank
- Political Geography:
- Global Focus
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