When considering the genealogy of development, there are many who trace the social and intellectual history of both the term and the concept back to a speech made by the President of the United States, Harry Truman, in 1947 (Escobar 1995; Potter et al. 2008). But in turn, Truman's speech needs to be set in the context of post-Second World War reconstruction, the emergence of former colonial dependent territories around the world and the creation of several Bretton Woods institutions in the immediate post-war period. Among them, the most significant were the International Bank of Reconstruction and Development (later, renamed the World Bank), the International Monetary Fund (IMF) and successive rounds of trade negotiations in the form of General Agreements on Tariffs ...
Overview and Introduction