We all know how a pathetic institution World Bank is. While it claims to reduce poverty in the World, it has done little to reduce poverty of the beggars in front of its main posh offices at Washington, DC. This institution is a embodiment of incompetence, mis-governance, corruption, advancement of selfish & personal motives in the shroud of poverty reduction and what not?..
Harvard Business School has come out with its research on Mis-Governance at the World Bank. The draft of the paper can be found here and an interview with the authors here. While it is a very interesting paper, I also hope & believe that this is just the icing on the cake and one of the first to appear..
It is time that the World stops and rethinks & redefines the purpose, mission and operating procedure of this mammoth irrelevant institution. The least that we can do is to cut down the $1.5B in Op-Ex!!
Harvard Business School has come out with its research on Mis-Governance at the World Bank. The draft of the paper can be found here and an interview with the authors here. While it is a very interesting paper, I also hope & believe that this is just the icing on the cake and one of the first to appear..
It is time that the World stops and rethinks & redefines the purpose, mission and operating procedure of this mammoth irrelevant institution. The least that we can do is to cut down the $1.5B in Op-Ex!!
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