This chapter sums up the key findings of this study on the history of the International Bank for Reconstruction and Development (IBRD), or the World Bank, in the 1940s and the 1950s. It describes the Bank's economic policy and lending policy during this period, and suggests that its transition from reconstruction to development provide insights into how new perspectives and ideas of economic development challenged the somewhat one-dimensional perspective of senior Bank management. The chapter also explains the reasons behind the Bank's long-held conservative attitudes on development problems and policies toward disadvantaged countries.
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