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Preface xi
Acknowledgments xv
1 The World Bank And Development 1
Historical Context 2
Methodological Framework 3
Pars Destruens 4
Pars Construens 8
2 The Currie Mission In Colombia, 1949-1953 11
The Importance of the Colombia Mission for the Switch from Reconstruction to Development 12
End of the Reconstruction Phase 12
Initial Contacts Between the Colombian Government and the IBRD 15
The Collaboration Between Lauchlin Currie and the IBRD 22
The Mission Collects Information 22
Putting the Team Together 28
The First IBRD General Survey Mission, Colombia 1949 35
The Currie Mission Report 39
The Comite de Desarrollo Economico (1950-1951) and the Consejo National de Planificacion (1952-1954) 46
The Evolution of the Relationship Between Currie and the World Bank 50
Tensions Within the Comite de Desarrollo Economico 50
The Difficult Beginning of the Consejo National de Planificacion (1952-1953) 53
The End of the Affair 61
3 Economic Development In Theory And Practice 64
Development Approaches: Balanced Versus Unbalanced Growth 66
Balanced Growth 67
Unbalanced Growth 70
Development Approaches: Program Loans Versus Project Loans 76
Program Loans 77
Project Loans 78
The Debate on Development Reverberates Inside the IBRD 79
Conflicting Approaches: Program Versus Project 79
Program Versus Project: The Bank's Changing Attitude 80
Autobiographical Notes 82
Currie Versus Hirschman: Monetary and Fiscal Policy 83
Analyzing the Situation 83
Hypotheses 84
The Clash 85
Currie Versus Hirschman: Iron and Steel Production 87
Analysis of the Currie Mission 87
Interests at Odds 90
The "Informe de la Mision Parael Comite" and the Flesher Solution 93
Steel and Development: Reasons for Disagreement 98
Changing Alliances 103
Agreements and Disagreements 103
A Sociological Interpretation of the Development Economics Debate: Robert K. Merton and the "Kindle Cole" Principle 105
4 At The Root Of The Bank's Policy Advice 112
The Urban Development Plan for Barranquilla 114
Request for IBRD Financing 114
Why Did the Bank Refuse Financing? 118
The IBRD and Housing Loans 120
The ILO Proposal and the First IBRD Comments 120
The Disengagement of the IBRD 122
Discussions at the Bank: Impact Loans and Social Loans 123
Impact Loans 123
Social Loans 127
The Bank's Relentless Preference for Directly Productive Loans 129
Raising Funds in the U.S. Capital Market 130
Wall Street Men 131
U.S. Foreign Economic Policy and the Wane of the New Deal 133
The Early Successes of the Bank: An Obstacle to Change 136
Coda: The End of the Debate 136
The Reorganization of 1952 136
Black's Bank 144
Conclusions 147
Notes 155
Bibliography 185
Index of Names 195
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