The United States, the World Bank, and the Challenges of International Development in the 1970s

2009 ◽  
Vol 103 (2) ◽  
pp. 209-263 ◽  
Author(s):  
Jacob Katz Cogan

In 2005, when James Wolfensohn announced that he would not seek a third term as president of the World Bank, few doubted that another United States national, the choice of the U.S. president, would take his place. Each of the previous eight presidents of the bank had been an American, dating back to the international financial institution's establishment in 1946,and despite private and public grousing by some over the Bush administration's eventual choice of Deputy Secretary of Defense Paul Wolfowitz as Wolfensohn's successor, the appointment was never truly in jeopardy. When the bank's executive directors met to elect a new president, the vote was a foregone conclusion—not because the United States holds a majority of votes itself (it does not), but because a longstanding informal agreement between the United States and the bank's western European stakeholders prescribed that outcome.


2020 ◽  
Vol 214 ◽  
pp. 02013
Author(s):  
Yonghui CAO ◽  
He JIANG

The World Bank publishes the business environment report every year, ranking the business environment of 190 economies in the world. This paper mainly compares and analyzes the relevant indicators of marketization, legalization and internationalization between China and New Zealand, Singapore, the United States, and points out the existing problems and future improvement measures, so as to provide reference for further improving the competitiveness of business environment in China.


1975 ◽  
Vol 29 (1) ◽  
pp. 133-167 ◽  
Author(s):  
Charles R. Frank ◽  
Mary Baird

At the present time, the political popularity of foreign assistance, both bilateral and multilateral, has reached a low point in the United States. The lack of enthusiasm is epitomized by the vote of the House of Representatives in January 1974 against the United States's pledge of $550 million to support the International Development Association (IDA), the soft-loan subsidiary of the World Bank (even though that vote was subsequently reversed). Total US commitments of official development assistance have declined from 0.59 percent of GNP in 1963 to 0.29 percent in 1972.


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