----- Original Message ----- From: "Soren" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, August 07, 2000 1:51 PM Subject: (50 Years) Study Devastates WB's Policy Logic > From: [EMAIL PROTECTED] > > *Please forward to appropriate lists* > > CENTER FOR ECONOMIC AND POLICY RESEARCH - > WASHINGTON, DC > > FOR IMMEDIATE RELEASE CONTACT: Joyce Kim > (202-293-5380 ext 206) > MONDAY, AUGUST 7, 2000 > > World Bank Research Faulted > CEPR Analysis Shows That World Bank Data Don't > Support Their Conclusion That Globalization Has > Benefited the Poor > > WASHINGTON, DC-- The Center for Economic and Policy Research (CEPR) today > released a study analyzing the World Bank's controversial paper, "Growth Is > Good for the Poor" (March > 2000). > > The World Bank's paper (www.worldbank.org/research) > had claimed to show that "growth generally does benefit the > poor and that anyone who cares about the poor should favor > the growth-enhancing polices of good rule of law, fiscal > discipline, and openness to international trade." > > CEPR's analysis shows that the data from the paper > do not support this conclusion. Among CEPR's findings and > conclusions: > > - Economic growth in the developing world, excluding China, > has declined dramatically over the last 20 years. "There > is no region of the world that the World Bank and IMF > could claim as success stories for their policies," said > Mark Weisbrot, co-director of CEPR and the principal > author of the study. "We need further research to > determine how much these institutions are responsible for > this slowdown in economic growth-- a slowdown that > hundreds of millions of poor people in underdeveloped > countries can ill afford." In Latin America, for example, > GDP per capita grew by 75% from 1960-1980, whereas from > 1980-1998 it has only risen 6%. For sub-Saharan Africa, > GDP per capita GDP grew by 36% in the first period, while > it has since fallen by 15%. > > - Except for the positive correlation between economic > growth and the incomes of the poor-- which is not > controversial-- almost all of the statistical tests in > the World Bank paper yield insignificant results. On the > basis of such insignificant results, it is not possible > to conclude, as the World Bank paper does, that IMF and > World Bank policies such as increased openness or anti- > inflationary macroeconomic policies benefit the poor. > > - Even the relationship between economic growth and the > income of the poor is not as strong as the World Bank > paper indicates. There are numerous instances in which > not only the poor but the majority of the labor force > have failed to share in the gains from economic growth. > This is true in the United States, for example, where the > real median wage today is the same as it was 27 years > ago. > > The full report, "Globalization May Be Good For the Poor-- > But are World Bank and IMF Policies Good for Growth?" is > available at www.cepr.net , along with the executive summary. > For a printed copy, please contact CEPR. > ### > > 1015 18th St., NW Suite 200, Washington, DC 20036 > Tel: 202-293-5380, Fax: 202-822-1199 > Web: www.cepr.net Email: [EMAIL PROTECTED] > > =========================================================== > 50 Years Is Enough Network http://www.50years.org > To unsubscribe, email [EMAIL PROTECTED] with > unsubscribe > in the body of the message. Questions? email [EMAIL PROTECTED] <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
