Nigeria, March 31 -- Fortuitously, the very day I was contacted to write a second foreword for Professor Edward O. Ogunleye's book, on the 17th of March, I received a report from the Wall Street Journal with the title "World Bank Embraces Industrial Policy, Abandoning Three Decades of Stigma." Paul Hannon of The WSJ wrote about the contents of a new report by the Bank.

This is a momentous work by the World Bank, which according to Hannon had subtly or overtly 'stigmatized' the idea of Industrial Policies for and by developing countries, among which it has had great influence - alongside its sister agency, the International Monetary Fund (IMF) - for decades. Part of the WSJ report goes: "The World Bank Tuesday confessed to an error of mor...