The World Bank and Its Poverty Eradication Strategies
Since the 1970s, the World Bank has had a new goal: poverty eradication. This essay evaluates the Bank according to this objective. Persisting poverty judges the organisation's work negatively. The Bank's many policies were often even contradictory over time, bringing strong criticisms, w...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of International Relations Prague
2006-06-01
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| Series: | Czech Journal of International Relations |
| Subjects: | |
| Online Access: | https://ojs3.iir.cz/index.php/cjir/article/view/610 |
| _version_ | 1828038286819459072 |
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| author | Tomáš Lindner Michal Strnad |
| author_facet | Tomáš Lindner Michal Strnad |
| author_sort | Tomáš Lindner |
| collection | DOAJ |
| description |
Since the 1970s, the World Bank has had a new goal: poverty eradication.
This essay evaluates the Bank according to this objective. Persisting poverty
judges the organisation's work negatively. The Bank's many policies were
often even contradictory over time, bringing strong criticisms, which its
current policies reflect. These are the lessons of former failures in the Banks
poverty reductions policies: The Bank's strategies now concentrate on both
the market and the state to promote "development". The causes of
underdelopment lie not only in bad governance, but also in states'
unfavourable economic positions. It is important to cooperate with the poor
while trying to reduce poverty. "Development" is not only an issue of
domestic economic reforms: political and social reforms are also important.
The World Bank's newest Poverty Reduction Strategy Papers (PRSPs) reflect
these changes. They should achieve the ambitious Millennium goals, but
time will be their judge.
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| first_indexed | 2024-04-10T16:24:42Z |
| format | Article |
| id | doaj.art-8abf15fb8f014e72a345c12aa8f35ee7 |
| institution | Directory Open Access Journal |
| issn | 0323-1844 2570-9429 |
| language | English |
| last_indexed | 2024-04-10T16:24:42Z |
| publishDate | 2006-06-01 |
| publisher | Institute of International Relations Prague |
| record_format | Article |
| series | Czech Journal of International Relations |
| spelling | doaj.art-8abf15fb8f014e72a345c12aa8f35ee72023-02-09T08:25:09ZengInstitute of International Relations PragueCzech Journal of International Relations0323-18442570-94292006-06-01412The World Bank and Its Poverty Eradication StrategiesTomáš LindnerMichal Strnad Since the 1970s, the World Bank has had a new goal: poverty eradication. This essay evaluates the Bank according to this objective. Persisting poverty judges the organisation's work negatively. The Bank's many policies were often even contradictory over time, bringing strong criticisms, which its current policies reflect. These are the lessons of former failures in the Banks poverty reductions policies: The Bank's strategies now concentrate on both the market and the state to promote "development". The causes of underdelopment lie not only in bad governance, but also in states' unfavourable economic positions. It is important to cooperate with the poor while trying to reduce poverty. "Development" is not only an issue of domestic economic reforms: political and social reforms are also important. The World Bank's newest Poverty Reduction Strategy Papers (PRSPs) reflect these changes. They should achieve the ambitious Millennium goals, but time will be their judge. https://ojs3.iir.cz/index.php/cjir/article/view/610World Bankpoverty reductionstructural adjustmentdevelopment policyMillennium Development GoalsPRSP |
| spellingShingle | Tomáš Lindner Michal Strnad The World Bank and Its Poverty Eradication Strategies Czech Journal of International Relations World Bank poverty reduction structural adjustment development policy Millennium Development Goals PRSP |
| title | The World Bank and Its Poverty Eradication Strategies |
| title_full | The World Bank and Its Poverty Eradication Strategies |
| title_fullStr | The World Bank and Its Poverty Eradication Strategies |
| title_full_unstemmed | The World Bank and Its Poverty Eradication Strategies |
| title_short | The World Bank and Its Poverty Eradication Strategies |
| title_sort | world bank and its poverty eradication strategies |
| topic | World Bank poverty reduction structural adjustment development policy Millennium Development Goals PRSP |
| url | https://ojs3.iir.cz/index.php/cjir/article/view/610 |
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