World Bank and the development delusion (October 20 2012) World Bank and the development delusion (October 20 2012)

Jim Yong Kim the 52 year old Korean-American physician, anthropologist and current President of the World Bank has been the subject of review by Jason Hickel in an article published on Aljazeera titled ‘The World Bank and the development delusion’. Hickel states “When Jim Yong Kim took the helm of the World Bank in July, progressives in the development community hailed it as a turning point in the fight against poverty. For once the Bank is headed not by a US military boss or a Wall Street executive, but by an actual expert in the field of development. …I have deep respect for Kim and his past accomplishments, but I do not share the optimism that has overcome the development community. I find it astounding that we continue to place our hope for the end of poverty in an international financial institution that is fundamentally beholden to the interests of Wall Street and the US government. And we do so against all the available evidence. History shows that most of the countries that have come under the sway of the World Bank – and its sister institution, the IMF – have experienced declining development outcomes over the past 30 years or so.  …Kim probably won’t be able to accomplish these reforms because they would run up against enormously powerful economic interests. Real change will require rebuilding the global justice movement by linking together organisations that have been working on these issues for decades. As neoliberal policy has ravaged the lives of hundreds of millions of people around the world, there’s a lot of anger out there ready to be mobilised. A revolution lies waiting in the wings; we have only to call it forth.”

 

Inspired by Jason Hickel ow.ly/eoiDC image source NIH ow.ly/eoiBc