The Importance of an Old British Habit
George D. Woods, President of the World Bank Group, spoke about empires and some of the great works of their construction. He discussed common illusions about developing countries. He argued for making the rallying cry, “No Taxation without Representation” a cornerstone of development. He explained that it was through adding a measure of the Bank’s experience and wealth to the scarce resources available for increasing productivity in the lands in developing countries that we help economic progress. He concluded by saying that countries with a material surplus must continue to cultivate the habit of investing some of that surplus into development overseas.
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| Main Author: | |
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| Format: | Speech biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
1965-11-29
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| Subjects: | BALANCE OF PAYMENTS, PRODUCTIVITY GROWTH, MUTUAL INTEREST, BOND MARKET, ACCOUNTABILITY, IRRIGATION, PORT MODERNIZATION, RAILWAYS, DEVELOPMENT FINANCE, INTERNATIONAL DEVELOPMENT ASSOCIATION, |
| Online Access: | http://documents.worldbank.org/curated/en/283911542205395158/Address-before-the-Pilgrims-by-George-D-Woods-President-of-the-World-Bank-Group https://hdl.handle.net/10986/32441 |
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| Summary: | George D. Woods, President of the World Bank Group, spoke about empires and some of the great works of their construction. He discussed common illusions about developing countries. He argued for making the rallying cry, “No Taxation without Representation” a cornerstone of development. He explained that it was through adding a measure of the Bank’s experience and wealth to the scarce resources available for increasing productivity in the lands in developing countries that we help economic progress. He concluded by saying that countries with a material surplus must continue to cultivate the habit of investing some of that surplus into development overseas. |
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