Social services


World Bank economic modelling unmasked

26 October 2000

Briefing to expose the problems with the data model still used by the World Bank to produce the influential projections used in every Country Assistance Strategy. The Bank uses a package called the Revised Minimum Standard Model-Extended. This is a huge spreadsheet based on outdated macroeconomic theories, which ignores most major social and environmental issues, is very hard to adapt to different countries experiences and impossible to use as the basis for participatory discussion.

This briefing has been commissioned by the Bretton Woods Project and Globalization Challenge Initiative. It is written by Alia Yousuf, who until recently worked for the World Bank producing their datasets for Bangladesh. Available mid-November.