1. A History of The World Bank
Investment in the developing world is done by lending for projects unable to attract private financing, neoliberal philosophy is followed to decide what is considered economic development. ... Three phases in WB lending philosophy have been identified: The first one is called "Project Lending". This philosophy began in 1946 and ended in 1968. ... This philosophy is based on WW Rostow's Five Stages View. In general, this philosophy had only partial results because no spill over effect from the projects to the country's economy. ...
- Word Count: 1195
- Approx Pages: 5
- Grade Level: High School