No other organization has had a bigger impact on the economic policy of developing nations than the World Bank, yet its policies have been the subject of intense criticism. A recent book, The World's Banker (Penguin Press, September 2004), by Washington Post columnist Sebastian Mallaby chronicles and analyzes the sweeping changes pursued by the World Bank’s current leader, James Wolfensohn. Presiding over an unusually dynamic period in the bank’s history, Wolfensohn, as documented by Mallaby, has captained several major internal policy shifts, including the redefinition of corruption as an economic issue and a top priority, as well as the inclusion of NGOs and other third parties in policy debates. Mallaby and a panel of experts will discuss whether these changes have improved the efficacy of World Bank policies.
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