Immediately after establishment in 1944, the World Bank set up offices around Europe and started work. The wealthier and more developed countries constitute the bank’s major shareholders and thus exercise greater power and influence. THE HISTORY OF THE WORLD BANK The World Bank: Its First Half Century .Volume 1 History ; Volume 2 Perspectives .By K APUR (D EVESH ), L EWIS (J OHN P.) and W EBB (R ICHARD ). and you may need to create a new Wiley Online Library account. Learn about our remote access options, Professor of Economics Emeritus Brooklyn College/City University of New York. Throughout the World Bank’s history, the bank president, who serves as chairman of the Executive Board, has been an American citizen. xviii, 1275; Vol.
It provides low-interest loans, interest-free credit, and grants. Despite the depressing news of the last part in this three-part history of the World Bank, the global lending institution has had a great number of successes that improved the livelihoods and well being of millions of people. The Balance Menu Go. If you have previously obtained access with your personal account, Working off-campus? Founded in 1944, the International Bank for Reconstruction and Development—soon called the World Bank—has expanded to a closely associated group of five development institutions. The full text of this article hosted at iucr.org is unavailable due to technical difficulties.
Vol. Learn more. Originally, its loans helped rebuild countries devastated by World War II. Setting Goals How to Make a Budget Best Budgeting Apps Managing Your Debt Credit Cards.
Budgeting. Enter your email address below and we will send you your username, If the address matches an existing account you will receive an email with instructions to retrieve your username, I have read and accept the Wiley Online Library Terms and Conditions of Use. Use the link below to share a full-text version of this article with your friends and colleagues. Please log in. 1, pp. Voting power is based on a country’s capital subscription, which is based in turn on its economic resources. The first recipient was France. Please check your email for instructions on resetting your password. If you do not receive an email within 10 minutes, your email address may not be registered, As a result, the history of the World Bank Group is one of change, growth, and renewal. 2, pp. (Washington: Brookings Institution Press 1997. xviii, 766. The World Bank provides financial and technical support to developing countries. Credit Cards 101 Best Credit Cards of 2020 Rewards Cards 101 Best Rewards Credit Cards Credit Card Reviews Banking. For over seventy years, the World Bank Group has been a leader in the field of international development and poverty reduction, but it has also worked alongside or in support of other governments, institutions, and organizations that share its goals.
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