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Maybe talk with professors at some of these Business Ph.D. programs that you're thinking of applying to before actually applying, lest you go through the whole application process and start there only to find out it's no good for you.
There are parts of the WB that focus on business, I think. I'm not sure if people with MBAs tend to do the consulting, though. I would reckon that they would at least at smaller organizations, though it's not my area of expertise. Not that this would keep you out of the ballgame. Just musing.
It does seem to be a fairly weird way to go about things, though. It might be better to go through an econ program (where you are sure to find people interested in development) and just put a business focus in the program. You're likely to have to talk with numerous profs anyway, so might as well go somewhere where you are sure you'll have access to both the development people and the business people. Unless you're lucky enough to find a prof who's interested in exactly what you are, but imho those are still more likely to be housed in econ rather than business departments. But again, I don't really know, best to look hard at the specific places you're thinking of applying.
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