|Bulletin n. 1/2017|
Riley Emily C.H.
|Italy and the World Bank: The European Foundations of Development Lending, 1947–51|
|in International History Review (The) , volume 39, Issue 2 , 2017 , pp. 293-315|
|Foreign financial assistance for economic development and the discipline of development economics have traditionally been associated with US Cold War policy toward the Third World. This article, however, suggests that these practices were also shaped by the experiences of foreign aid for European reconstruction after the Second World War. The article traces loan negotiations between the World Bank and the Italian government, and argues that this process played a substantial role in shaping not only the World Bank's lending policies, but also the way its staff understood the institution's mission. The article emphasises Europe's significance as a site in the early history of development, suggesting new ways of understanding the evolution of development ideas, practices, and institutions after 1951|