Does the present of the IMF or World Bank make infrastructure projects more likely to fail?
"Witold Henisz and his colleagues -- Bennet A. Zelner from the University of California at Berkeley, Guy Holburn from the University of Western Ontario and Mauro F. Guillèn, a Wharton professor of management and sociology -- combed through three decades of market reform and industry decentralization projects in dozens of countries the world over, looking for a link between failed or troubled reform efforts and the presence of the IMF or World Bank.
...According to their research, the IMF and World Bank can and do play a significant role in implementing market reform and infrastructure projects in developing countries -- but often in a negative way."
Thanks to Chris Steins
FULL STORY: Are Failed Infrastructure Projects Linked to the Presence of the IMF or World Bank?
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