Research Article

The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank's Quasi-War on Poverty

Volume: 39 Number: 1 March 2, 2024
EN TR

The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank's Quasi-War on Poverty

Abstract

The World Bank is an important international institution that plays a role in forming the perception of global poverty and the fight against poverty. Since its foundation, the Bank's approach to the concept of poverty and the policies it proposes to eliminate poverty have undergone radical changes. The study aims to reveal the theoretical and practical dimensions of the Bank's approach to poverty with their evolutionary reflections. In the study, different definitions of the World Bank regarding the concept of poverty will be included in the axis of poverty concept and different depictions of the transformation of poverty-related policies over the years. The development approach the Bank has developed for the last 40 years is likely connected to the neoliberal policies loyal to mainstream (neoclassical) economics principles. Therefore, the emphasis on the problem of poverty put by the Bank for the last few decades consists of representing the same political prescriptions to the world economies to solve the problem. In this context, it can be argued that the policies created by the Bank regarding poverty rely on ideological concerns rather than reality since it is clear that the development discourses effectuated by the Bank over the years and the policies for the elimination of poverty generated accordingly cannot be evaluated independently of the dynamics arising from the efforts of the US to perpetuate its hegemony over the international capitalist system.

Keywords

References

  1. Alacevich, M. (2011). The World Bank and the politics of productivity: the debate on economic growth, poverty, and living standards in the 1950s. Journal of Global History, 6(1), 53-74.
  2. Anyanwu, J. C. (2017). The key drivers of poverty in Sub-Saharan Africa and what can be done about it to achieve the Sustainable Development Goal. Asian Journal of Economic Modelling, 5(3), 297–317.
  3. Arabacı, R. Y. (2019). Dünya Bankasının yeni uluslararası yoksulluk sınırları ve küresel yoksulluğun yeniden değerlendirilmesi. SGD-Sosyal Güvenlik Dergisi, 9(1), 123-140.
  4. Arslanalp, S. ve Henry, P. B. (2006). Policy watch: debt relief. Journal of Economic Perspectives, 20(1), 207-220.
  5. Başkaya, F. (1986). Borç krizi üzerine bir deneme. Ankara: Yargı.
  6. Bauer, P. T. (1984). Reality and rhetoric: Studies in the economics of development. Harvard University Press.
  7. Boltvinik, J. ve Damian, A. (2016). Irrelevance of the MDGs and a natural solution to poverty: Universal citizen's income. İçinde A. D. Cimadamore, G. Koehler, and T. Pogge (Der), poverty and the millennium development goals: A critical look forward (pp. 173–202). CROP. London: ZED Books.
  8. Bond, P. (2004). Bankrupt Africa: imperialism, sub-imperialism and the politics of finance. Historical Materialism, 12(4), 145-172.

Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Early Pub Date

February 9, 2024

Publication Date

March 2, 2024

Submission Date

February 25, 2023

Acceptance Date

November 8, 2023

Published in Issue

Year 2024 Volume: 39 Number: 1

APA
Sarı Aksakal, B. (2024). The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty. İzmir İktisat Dergisi, 39(1), 52-79. https://doi.org/10.24988/ije.1256267
AMA
1.Sarı Aksakal B. The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty. İzmir İktisat Dergisi. 2024;39(1):52-79. doi:10.24988/ije.1256267
Chicago
Sarı Aksakal, Betül. 2024. “The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology Within the Frame of the World Bank’s Quasi-War on Poverty”. İzmir İktisat Dergisi 39 (1): 52-79. https://doi.org/10.24988/ije.1256267.
EndNote
Sarı Aksakal B (March 1, 2024) The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty. İzmir İktisat Dergisi 39 1 52–79.
IEEE
[1]B. Sarı Aksakal, “The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty”, İzmir İktisat Dergisi, vol. 39, no. 1, pp. 52–79, Mar. 2024, doi: 10.24988/ije.1256267.
ISNAD
Sarı Aksakal, Betül. “The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology Within the Frame of the World Bank’s Quasi-War on Poverty”. İzmir İktisat Dergisi 39/1 (March 1, 2024): 52-79. https://doi.org/10.24988/ije.1256267.
JAMA
1.Sarı Aksakal B. The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty. İzmir İktisat Dergisi. 2024;39:52–79.
MLA
Sarı Aksakal, Betül. “The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology Within the Frame of the World Bank’s Quasi-War on Poverty”. İzmir İktisat Dergisi, vol. 39, no. 1, Mar. 2024, pp. 52-79, doi:10.24988/ije.1256267.
Vancouver
1.Betül Sarı Aksakal. The Historical Projections of Poverty Trapped in the Hegemony of the Capitalist Ideology within the Frame of the World Bank’s Quasi-War on Poverty. İzmir İktisat Dergisi. 2024 Mar. 1;39(1):52-79. doi:10.24988/ije.1256267
İzmir Journal of Economics
is indexed and abstracted by
TR-DİZİN, DOAJ, EBSCO, ERIH PLUS, Index Copernicus, Ulrich’s Periodicals Directory, EconLit, Harvard Hollis, Google Scholar, OAJI, SOBIAD, CiteFactor, OJOP, Araştırmax, WordCat, OpenAIRE, Base, IAD, Academindex

Dokuz Eylul University Publishing House Web Page
https://kutuphane.deu.edu.tr/yayinevi/

Journal Contact Details Page
https://dergipark.org.tr/en/pub/ije/contacts