By H. Marquette
In 1997, the realm financial institution introduced a method to aid its debtors wrestle corruption, regardless of past claims that paintings of this relations violated the Bank's non-political mandate. regardless of many makes an attempt to reshape corruption as an monetary factor instead of a political one, the non-political mandate hasn't ever been satisfactorily addressed. Heather Marquette argues that the financial institution may still concentration in its strengths and stay away from the extra arguable elements of its anti-corruption programme, which threaten its credibility.
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Extra resources for Corruption, Politics and Development: The Role of the World Bank
26 During the take- The Emergence of a Development Agency 21 off, new industries expand, proﬁts are reinvested, savings increase, society and political structures change, and production exceeds consumption. The fourth stage is the ‘drive to maturity’, where the economy continues to grow at a steady pace. The ﬁnal stage is the ‘age of mass consumption’, where production turns to service-based industries and the focus on social security and the welfare state begins. Rostow’s model was criticized by economic and political theorists alike.
88 With this, a new role for both the IMF and World Bank emerged. McNamara and politics Robert McNamara’s time as Bank president provides interesting examples of the Bank’s political involvement in US foreign affairs, not necessarily surprising considering McNamara is a former US Secretary of Defence. On 4 November 1979, as McNamara argued with Congress that the IDA required more funding to help offset the oil price shocks, the US embassy in Iran was invaded. According to Shapley, ‘The mighty United States, long-term protector of Iran and largest ﬁnancier of the Bank and IDA, had been spit in the eye.
The direction that Bank policy has taken in the past has largely been the result of changes in its environment, and this chapter provides the basis to show that good governance and anti-corruption work are no different from past efforts. Indeed, we can see how the Bank has been largely a reactive force in development, rather than a proactive one, despite its claims that it has often acted as a ‘leader’. Chapter 3 builds an in-depth analysis of the introduction of good governance and anti-corruption work at the Bank.