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...

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Bibliographic Details
Main Author: Woods, George D.
Format: eBook
Language:English
Published: Washington, D.C The World Bank 1965
Series:World Bank E-Library Archive
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
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