The World Bank veers to the Left
"IT was unlike any other World Development Report (WDR). For one thing, the cover featured a part of a Diego Rivera fresco that depicted the revolution of the masses.
"For another, it conceded that those who have been excoriating the World Bank (WB) for its orthodoxy or its fixation on market solutions after all might have a point.
"It was not a volte face or even a shame-faced admission, but the WB has now officially admitted that in development policy, markets sometimes fail..."
The Sandwichman