In 1944, the Bretton Woods Conference ushered in a new international economic order. The World Bank emerged as one of the most powerful financial institutions in the world, and a new colonial authority in all but name. But how does it operate, who funds it, and what agenda does it work to promote?In The World Bank: A Critical History, Eric Toussaint answers all of these questions and more.
Offering up a highly readable yet uniquely authoritative account, the book analyses the World Bank from its beginnings to the present day. Chapters on gender, climate and the pandemic era complement the peerless research that informed Toussaint’s 2007 classic, The World Bank: A Critical Primer, and provide the reader with a truly contemporary, definitive text. Seven international case studies illustrate the impact of World Bank policy, and Toussaint also explores the political, economic and strategic motives of the US government with regard to the World Bank.
The book concludes with a proposal for replacing the World Bank, IMF and WTO with new, multilateral and democratic institutions.