Africa and the making of adjustment: How economists hijacked the Bank’s agenda
By Howard Stein | September 2008
The failure of development reflects a crisis in the economic theory that has driven the policies that the World Bank has imposed since 1980. Development economist and professor of African studies Howard Stein examines the evolution of policy in the Bank, focusing on how economists became hegemonic. In this essay he details the origin of structural adjustment, tracing its roots back to a set of neoliberal economists who gained influence at the Bank in the late 1970s.
Keywords: World Bank
