From the Editor

Brickbats and a Bouquet

Readers of Robert Stowe England’s gloomy account of the World Bank’s shaky loan portfolio in this issue [p. 41] can take some comfort from the thought that things might be worse. Robert S. McNamara might still be in charge. In his day, the venerable whizkid was forever urging the West to help Communist and socialist regimes into a bright new dawn. Thus, in a recent Forbes, Sir Alan Walters, himself a former World Bank official, reveals that Mr McNamara personally insisted, over objections, on the publication of “Rumania: The Industrialization of an Agrarian Economy under Socialist Planning, A World Bank Country Study 1979.”

Featured Tags

Brickbats and a Bouquet

Readers of Robert Stowe England’s gloomy account of the World Bank’s shaky loan portfolio in this issue [p. 41] can take some comfort from the thought that things might be worse. Robert S. McNamara might still be in charge. In his day, the venerable whizkid was forever urging the West to help Communist and socialist regimes into a bright new dawn. Thus, in a recent Forbes, Sir Alan Walters, himself a former World Bank official, reveals that Mr McNamara personally insisted, over objections, on the publication of “Rumania: The Industrialization of an Agrarian Economy under Socialist Planning, A World Bank Country Study 1979.”