Anonymousabout 2 hours ago
In March 2026, the World Bank released "Industrial Policy for Development," a 276-page report endorsing state-led industrial strategy as a legitimate tool for all countries — reversing a position it held since the 1993 "East Asian Miracle" report. The shift, driven by geopolitical competition and the collapse of Washington Consensus credibility, has triggered sharp debate over whether the institution owes accountability for decades of advice that pressured developing nations to dismantle their own industrial bases.