World Bank Literature

Book excerpt: World Bank literature is more than a concept -- it is a provocation, a call to arms. It is intended to prompt questions about each word, to probe globalization, political economy, and the role of literary and cultural studies. As asserted in this major work, it signals a radical rewriting of academic debates, a rigorous analysis of the World Bank and the International Monetary Fund (IMF), and a consideration of literature that deals with new global realities. Made more relevant than ever by momentous antiglobalization demonstrations in Seattle and Genoa, World Bank Literature brings together essays by a distinguished group of economists, cultural and literary critics, social scientists, and public policy analysts to ask how to understand the influence of the World Bank/IMF on global economic power relations and cultural production. The authors attack this question in myriad ways, examining World Bank/IMF documents as literature; their impact on developing nations; the relationship between literature and globalization; the connection between the academy and the global economy; and the emergence of coalitions confronting the new power. World Bank Literature shows, above all, the multifarious and sometimes nefarious ways that abstract academic debates play themselves out concretely in social policy and cultural mores that reinforce traditional power structures.