In both cases, essentially the same package of WC policies was offered, with only the order and speed of implementation being open to debate, regardless of the persistent underperformance and repeated crises in the adjusting countries. Even under the PWC, the Bank’s policies were presented to its clients as a package whose components may be sequenced, but should not be jettisoned. Interestingly, both WC and PWC economic policies were presumably identified deductively, starting from the “best” economic theory (either neoclassical or of the “new institutional economics” variety). This is a way to incorporate carefully selected insights from the developmental state debates as if they were merely practical truths.