World Bank and Knowledge Production

I have been continuing to wonder how the World Bank manages to strangle developing countries through relatively small amounts of money. We all talk of its role of "knowledge provider" and the power that assumes. In keeping my eyes open for examples I couldn't help but notice that in the recently reported changes to its GDP estimates, China and India have fallen by 40%. This has been widely reported in the media.

Now how can the World Bank change its rankings so drastically without its credibility being called into question? So far not a whisper....


http://economictimes.indiatimes.com/Perspectives/India_shrinking/articleshow/2649557.cms

http://go.worldbank.org/B5PYF93QF0