Contents
Preface vii
1 Locating Development Economics 1
Postamble: Locating the World Bank 14
2 Beyond Bureaucrats in Business: A Critical Review of the World Bank
Approach to Privatisation and Public Sector Reform 23
Postscript as Personal Preamble 23
1 Introduction 28
2 Privatisation Theory: The New Synthesis 29
3 Bureaucrats in Business: Context and Outline 31
4 A Critique 32
4.1 Narrow Analytical Framework 34
4.2 Selective Use of Evidence and Bias in Interpretation 36
4.3 Narrow View of What Constitutes Industrial Policy Leading to
Over-Generalisation of Conclusions 40
5 Concluding Remarks 43
Appendix: Debating the Provision of Basic Utilities in Sub-Saharan
Africa: A Response to Nellis 44
3 The Developmental State Is Dead – Long Live Social Capital? 47
Postscript as Personal Preamble 47
1 Introduction 48
2 The Microeconomic Foundations 50
3 The Forward March of Social Capital 52
4 Neither Washington nor Post-Washington Consensus 59
5 Concluding Remarks 64
4 Flattening Economic Geography: Locating the World Development
Report for 2009 67
Postscript as Personal Preamble 67
1 Introduction 68
2 neg as ei 69
3 From Pre- to Post-Washington Consensus 80
4 Fixing the wdr09 84
5 From Finance to Climate by Way of Conclusion 90
vi Contents
5 Nudging or Fudging: The World Development Report 2015 93
Postscript as Personal Preamble 93
1 Introduction 93
2 wdr 2015 and the Knowledge Bank 95
3 Situating the Turn to Behavioural Economics at the Bank 99
4 The wdr Approach to Behavioural Economics 103
4.1 The wdr’s Mental Model 103
4.2 Behavioural Economics and Development: The Conquest of
Another Frontier? 106
5 From Behavioural Economics to World Bank Policy in Practice:
The Case of hiv- Related Cash Transfers 111
6 Concluding Remarks 115
6 A Paradigm Shift that Never Will Be? Justin Lin’s New Structural
Economics 117
Postscript as Personal Preamble 117
1 Introduction 121
2 From Comparative Advantage to Development: Lin and the nse 125
3 Lin and the Bank 141
4 Conclusion 148
7 Locating the Developmental State and Industrial Policy
after the Crisis 152
Postscript as Personal Preamble 152
Foreword 154
1 Introduction 162
2 Lessons from the Developmental State Paradigm 167
3 Industrial Policy 191
4 South-South Cooperation by Way of Conclusion 209
8 The Continuing Enigmas of Social Policy 223
Postscript as Personal Preamble 223
1 Introduction and Overview 226
2 From Welfare Regimenting … 232
3 … to Convergence through Path Dependence to Crisis 245
4 This Time (Social Policy) Is (and Was) Different(iated) 252
5 Social Policy – It’s Financialisation, Stupid 259
6 Towards Alternatives 272
7 Conclusions as Starting Points 290
References 293
Index 344
