After decades of bad advice that led many developing nations down the wrong path, the World Bank should have the courage to admit it was wrong.
Thanks for sarcastically stating facts. "Only the creation of a new institution, guided by new growth theory and national developmentalism"--thanks for stating the need for new "growth theory". In this piece, I wrote about why economists don't qualify to offer growth policy advice: https://www.the-waves.org/2026/01/20/economic-growth-policies-why-should-economists-be-entrusted-with-them/
Thank you. Your piece is great. If you can’t understand growth or have a theory about you shouldn’t be at the table.
This won't result in growth. It will just result in World Bank funded third world cronyism. When these worthless countries go bankrupt again they will blame the western advice yet again.
Thanks for sarcastically stating facts. "Only the creation of a new institution, guided by new growth theory and national developmentalism"--thanks for stating the need for new "growth theory". In this piece, I wrote about why economists don't qualify to offer growth policy advice: https://www.the-waves.org/2026/01/20/economic-growth-policies-why-should-economists-be-entrusted-with-them/
Thank you. Your piece is great. If you can’t understand growth or have a theory about you shouldn’t be at the table.
This won't result in growth. It will just result in World Bank funded third world cronyism. When these worthless countries go bankrupt again they will blame the western advice yet again.