... development institutions, notably the IMF, the World Bank and their major members attributed poor records to the prevailing policies and strategies of development which had been pursued in the post-war era. The major flaw, they argued, had been the degree of state involvement in economic affair and the curtailment of free markets and liberal trade regimes. Reducing the economic ... many developing countries to adopt during the 1980s, in return for a new wave of loans. As Adrian Leftwich notes, the aim of adjustment was to shutter the dominant post-war, state-led development paradigm and...

• Word Count: 1434
• Approx Pages: 6
• Grade Level: Graduate

... countries. The World Bank and the International Monetary fund (IMF) are both international institutions created at the Bretton Woods Agreement of 1944 to help reconstruct Europe after the Second World War. Once it was felt that the original aim was achieved, they turned to the development of the so-called Third World. Today, the World Bank and the IMF classify 41 ... ...

• Word Count: 2437
• Approx Pages: 10
• Grade Level: Graduate