Democracy, Development and the World Bank

Abstract

Democracy and development are closely related to each other, which, however, can not bring about such a conclusion as in the course of the two, and either is prior to the other. The two must stand side by side with the efforts of the involved country and must experience a sustained process of endeavor. The World Bank is aimed at promoting the economic development of its member countries through such activities as loans etc which don't take into consideration any political factors, but only "pure economic factors".