In the post-colonial period, the means of involvement in developing countries by developed countries are constantly changing. Particularly from the 1970s, the World Bank is intervening in the policy decisions of developing nations in the name of assistance to development. Especially, whenever there is crisis in developing countries, the World Bank came forward with a … Read more

The approach represented by the World Bank and other main stream development analysts in analysing the East Asian model of development has been subject to criticism by Dependency theorists. The main concerns of the Dependency theorists in understanding the East Asian model are the functioning of the world capitalist economy, colonialism, imperialism, the role of … Read more

One of the most ignored issues in analysing the underlying processes of rapid growth of East Asian economies by mainstream development analysts is the character of the contemporary state system in the region. They have not considered the view that the nature of reform has varied depending on political structures and the relative strength of … Read more

The World Bank had a critical opinion towards the nature of welfare measures taken up by developing countries for a long time. The World Bank opined that the attempts to guide resource allocation during the past thirty years have generally failed to improve economic performance. The Bank came to this conclusion by simply dismissing these … Read more