Abstract

SANDILANDS, Roger. The 1949 World Bank Mission to Colombia, and the competing visions of Lauchlin Currie (1902-93) and Albert Hirschman (1915-2012). Rev.econ.inst. [online]. 2015, vol.17, n.32, pp.213-232. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v17n32.07.

The 1949 World Bank mission headed by Lauchlin Currie recommended an integral attack on the interlocking vicious circles of under development through a widening of domestic and international markets and a reform of macroeconomic policy formulation. In 1950 Currie was invited by the Colombian Government to return as adviser to a new national planning board. In 1952 Albert Hirschman was also hired as an adviser to this board. This paper discusses the heated disagreements between these two distinguished economists, their influence on the theory and practice of economic development in Colombia and of the World Bank, and in particular their focus on planning based on an integral program versus individual project approaches to planning.

Keywords : World Bank; Lauchlin Currie; Albert Hirschman.

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