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The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in "Behind the Development Banks," these organizations have also been indelibly shaped by Washington politics particularly by the legislative branch and its power of the purse.

Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual selling of banks to Congress by the executive branch. Babb contends that...

Just one generation ago, lawyers dominated Mexico's political elite, and Mexican economists were a relatively powerless group of mostly leftist nationalists. Today, in contrast, the country is famous, or perhaps infamous, for being run by American-trained neoclassical economists. In 1993, the Economist suggested that Mexico had the most economically literate government in the world--a trend that has continued since Mexico's transition to multi-party democracy. To the accompanying fanfare of U.S. politicians and foreign investors, these technocrats embarked on the ambitious program of...

The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics-particularly by the legislative branch and its power of the purse.

Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual "selling" of banks to Congress by the executive branch. Babb contends...