Paradigm and nexus: neoclassical economics and the growth imperative in the World Bank, 1948–2000

  title={Paradigm and nexus: neoclassical economics and the growth imperative in the World Bank, 1948–2000},
  author={Bentley B. Allan},
  journal={Review of International Political Economy},
  pages={183 - 206}
  • Bentley B. Allan
  • Published 2 January 2019
  • Economics
  • Review of International Political Economy
Abstract The story of post-Second World War international political economy is often told as a series of paradigm shifts: from Keynesianism to neoliberalism to the post-Washington Consensus. This article argues that the paradigm story struggles to explain both continuity and change in postwar development policy in the World Bank. First, throughout the postwar era, the Bank remained oriented to neoclassical growth. Second, despite the continued focus on growth, the Bank agenda also changed in… 
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