Excerpts from Joseph Stiglitz's Speech to the World Bank, April 1999

2000 ◽  
Vol 30 (2) ◽  
pp. 253-256 ◽  
Author(s):  
Abby Scher ◽  
Phineas Baxandall ◽  
Jean McMahon

The Journal has published several articles critical of the World Bank and the International Monetary Fund. These articles have shown the damage caused by the neoliberal policies advocated by these agencies to the health and quality of life of the people in countries where such policies are carried out. Published here are excerpts of a speech given by Joseph Stiglitz, senior economist of the World Bank, in which he finally recognizes the damage these policies have caused in Russia, where life expectancy has fallen quite dramatically during the years of neoliberal reform. The question triggered by his speech is why the World Bank continues its neoliberal policies.

2019 ◽  
Vol 16 (1) ◽  
pp. 53 ◽  
Author(s):  
Antonio Aguiar Filho ◽  
Marco Antônio Tomé ◽  
Adilson De Brito Farias ◽  
Celso Machado Machado Junior ◽  
Daielly Melina Nassif Mantovani Ribeiro

O desenvolvimento humano dos países se trata de um tema em destaque que exige ações governamentais para a melhoria da qualidade de vida de seus cidadãos. O problema de dimensionar este desenvolvimento frente às ações de governo determina o objetivo de analisar a existência de correlação entre os indicadores de governança dos países calculados pelo Banco Mundial (WGI) com o índice de desenvolvimento humano calculado pela Organização das nações Unidas (IDH). Para investigar essa hipótese foram efetuadas análises de correlação entre o IDH e as seis dimensões de governança do WGI. Os resultados da pesquisa confirmam a existência de significativa correlação positiva entre o IDH e o WGI, estabelecendo assim o entendimento da complementariedade destes indicadores, e a possibilidade de sua utilização no estabelecimento de ações governamentais.Palavras-chave: Governança dos países. WGI. Desenvolvimento humano. IDH. Desenvolvimento sustentável.ABSTRACTThe human development level of the countries is a key issue that requires government actions to improve the quality of life of its citizens. The problem of dimensioning this development in relation to government actions determines the objective of analyzing the existence of a correlation between the indicators of governance of the countries calculated by the World Bank (WGI) and the human development index calculated by the United Nations (IDH). To investigate this hypothesis, correlation analyzes were performed between HDI and the six governance dimensions of WGI. The results of the research confirm the existence of a significant positive correlation between the HDI and the WGI, thus establishing the understanding of the complementarity of these indicators and the possibility of their use in the establishment of governmental actions.Keywords: Worldwide governance. WGI. Human development. HDI. Sustainable development.


2006 ◽  
Vol 7 (3) ◽  
pp. 111-117 ◽  
Author(s):  
Vulfs Kozlinskis ◽  
Kristine Guseva

Latest studies in the field of business macro environment (BME) assessment and forecasting have been undertaken and successfully implemented by the World Bank (2003–2004). Considerable contribution to the field has been made by Nobel Prize winners in Economics F. Kydland and E. Prescott in 2004. Nonetheless, a number of issues concerning BME evaluation and forecasting is still left unstudied. The Article highlights two major issues of BME: the fist part of the paper is focused on assessment of BME and the quality of BME development prognosis made by entrepreneurs. Based on key findings the following second part of the research examines the accuracy (validity) of businessmen prognosis and identifies key indicators businessmen rely on for formulating their future expectations. For that purpose a system of parameters and trends, as well as entrepreneurs’ survey results have been applied. The study concludes by illustrating the effect of inaccurately formulated prognosis and expectation on further development of BME events in conjunction with new assessment and forecasting proposals.


2009 ◽  
Vol 2 (1) ◽  
pp. 73-89 ◽  
Author(s):  
Ali El-Din Abd El-Badee Al-Qosbi

As a result of empirical data gathered through sociological surveys, the author argues persuasively that Egyptian economic reform policies – largely based on structural readjustment and rehabilitation programmes devised by the International Monetary Fund (IMF) and the World Bank – have adversely affected the most seriously impoverished sectors of Egyptian urban society. The paper examines the correlation between theoretical suppositions of predicted adverse effect on this sector and actual repercussions as evidenced in such indicators as healthcare, sanitation, employment and access to education. While poverty has been a consistent problem and while these policies – which were undertaken in the context of increasing integration into the international market – cannot be blamed for its original occurrence, there is persuasive evidence that they have caused measurable harm, compounded existing inequities and increased the marginalization of Egypt's urban poor who appear to have been among the most adversely affected in the population as a result of the various initiatives.


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