“The most important research project”
The World Bank and the commodity problem of international development in the 1960s
Bibliographic Data
| ID | 21604446 |
|---|---|
| Authors | Mirek Tobiáš Hošman (0000-0002-9989-9225, corresponding author) |
| Year | 2024 |
| Volume | 31 |
| Issue | 6 |
| Pages | 1034-1057 |
| Publication date | 2024-11-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | European Journal of the History of Economic Thought (JOURNAL) |
| Journal identifiers | ISSN: 0967-2567 • E-ISSN: 1469-5936 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09672567.2024.2433949 |
| OpenAlex | W4404958776 |
| Language | EN |
| References cited | 49 |
This article reconstructs the brief but intense involvement of the World Bank with the commodity problem in the 1960s. It argues that the rise of economic expertise at the Bank brought the institution to the debates on stabilising international commodity prices, creating international buffer stocks, and engaging in export diversification projects. The article shows that the Bank was much closer to proposals usually associated with organisations like UNCTAD and CEPAL and emphasised macroeconomic adjustment before Robert McNamara’s presidency and the advent of structural adjustment lending. It thus offers a revisionist analysis of the Bank’s political economy in the 1960s
Business · Commodity · Economics · Economy · Financial system · Institution · International economics · Market economy · Political science · Politics · Presidency · Asian Industrial and Economic Development · Global trade and economics · International Development and Aid
Hypocrisy Trap
Securing the World Economy
A Perilous Progress
Internal Dynamics as Drivers of Change in International Organizations
The World Bank
Unlikely Partners
Take-off in Bogotá
The Global Crisis of Commodity Glut During the Second World War
Not a Knowledge Bank
Forgotten Foundations of Bretton Woods
Japan, the World Bank, and the Art of Paradigm Maintenance
Why Visiting Economists Fail
A Proposal for an International Buffer-Stock Agency
The meddlers
Banking on the poor
Banking on the Poor
Economic Policies towards Less Developed Countries
The Policy of Government Storage of Food-Stuffs and Raw Materials
Developments in the Law and Institutions of International Economic Relations
Cepal, the “International Monetary Fund of the Left”
Diversification and Development
The international aluminium cartel, 1886–1978
J. M. Keynes on Buffer Stocks and Commodity Price Stabilization
Business Government Relations
Economists in Government
The World Bank
The Origins and Interpretation of the Prebisch-Singer Thesis
The Struggle over Structural Adjustment
| Highly cited | No |
|---|