Tuesday, October 23, 2007

World bank critic

[Robert] Zoellick's focus [as new head of the World Bank and IFC] is on globalisation, helping multinationals extract oil, gas and other resources from developing countries. This hugely helps industrial nations, but does nothing for the world's poorest, who should be the paramount focus of the bank. Fostering climate change through deforestation, cattle ranching and fossil fuels are all anti-poor priorities that the Bank must halt.
-- from How to aid destruction by Robert Goodland.

In the Financial Times on 19 Oct Kuen Lee, John Mathews and Robert Wade outlined what they see as a preferable alternative to 'The Washington Consensus, titled t the Beijing-Seoul-Tokyo Consensus, or BeST for short (Rethinking development policy: A new consensus).

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