ABSTRACT
James Morris, The Road to Huddersfield, 1963, p. 43 The World Bank’s relationship to the private sector is marked by a central contradiction. The Bank was designed from the beginning to promote a global capitalist economic order, but it can lend only to governments or with a government guarantee. Furthering economic growth became the corner-stone of the Bank’s approach early on, but the belief that this is best achieved through infrastructure development-and that infrastructure is the purview of the public domain-led the Bank through the 1950s and 1960s to relate much more closely to governments than to private actors.
