WB? no, thanks!

Doug Henwood dhenwood at panix.com
Tue May 1 12:49:28 PDT 2001


From: "Patrick Bond" <Patrick.Bond at brain.sn.apc.org> Date: Tue, 1 May 2001 21:38:47 +0000


> Date: Thu, 26 Apr 2001 17:30:30 -0400
> From: Chuck0 <chuck at tao.ca>
> > >If we got
> > >rid of the World Bank, what sort of alternative should there be, if any?

Has the reply by Susan George been reported: What alternative do you want for cancer?

More seriously, several African economists are engaged in interesting debate over what to do without a WB; i.e., the need for *local* (not foreign) development finance (i.e. in soft not hard currency) for basic-needs development that doesn't require foreign inputs. (I recently finished a long paper on this if anyone's interested.) But the silly people at the UN Financing for Development conference (and lead expert Ernesto Zedillo), as well as the UN Economic Commission on Africa (once a dependencia kind of outfit, now a mere puppet of Washington), won't even consider this logical principle.



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