Poverty and the World Bank

Paper Summary:

This paper examines the efficacy of the World Bank?s educational policies as perceived through various literature that has been devoted to the subject recently. It determines whether the World Bank is truly addressing the root of the problem of poverty by investing so many millions of dollars yearly on educating the poor. This paper utilizes, primarily, two articles that deal specifically with the efficacy of the World Bank's education programs: "The Impact of Education on Economic Growth" by Francisco Rivera-Batiz and "The World Bank's Mission Creep" by Jessica Einborn. In addition, the paper uses several New York Times articles that question the World Bank's role in alleviating poverty.

From the Paper:

"The result was apparent in India during the 1970s and early 1980s. India spent a large part of its government and private resources on educating its work force. The result was perhaps the most technologically literate and advanced workforce in the world -- at least among India's middle-classes and upper-middle classes. But a huge number of these skilled laborers like doctors and engineers simply left the country en masse to America, Britain, the Middle East and Canada. India called the phenomenon the "Brain Drain," but indeed, it drained India's spirit as well."

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