By P. Riggirozzi
Drawing at the Latin American political economic climate, this publication brings to the fore empirical questions about assorted styles of involvement of IFIs in pursuing politically-sensitive reforms, the capability of neighborhood actors to persuade results, the context during which they have interaction, the kind of coverage principles conveyed, and the coverage approach which are complicated.
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Extra resources for Advancing Governance in the South: What Roles for International Financial Institutions in Developing States?
As was the case more than two decades ago, what is at stake now is how to analyse policy processes as multiple spaces of contestation in which competing interests, incentives, material and ideological capabilities affect policy outcomes. It is our intention to show that power is not simply something that one actor uses to constrain other actors, but a factor which constrains and enables possible courses of action for all actors (Hayward 2000: 3). What this means is that when looking at issues of power in relation to international organizations and local actors in developing countries, the nature of power is never abstract.
9). : 267; Cammack 2007). The approach taken in this book, therefore, takes from the notion that paradigms are not transferred from one setting to another without giving rise to contesting and conﬂicting relations with the local actors – and thus that local actors are not passive recipients of external funds and knowledge. The study attempts to develop a broader and more inclusive understanding, bridging the gap between politics and economics and global and domestic politics, concentrating on the role of the IFIs in politically sensitive reforms in developing countries and the dynamics of social relations between external and local actors.
Within the IFIs, most noticeably in the World Bank, this fostered a new discourse linking more encompassing policies of good governance with sustainable economic development. The World Bank was the key advocate of a new language of intervention, based on normative ideals of governance: partnership, transparency, participation, ownership and consultation with local actors. The WBI, for instance, codiﬁed a deﬁnition of good governance based on six normative dimensions: (1) voice and accountability, which includes civil liberties and political stability; (2) government effectiveness, which includes the quality of policymaking and public service delivery; (3) the lack of regulatory burden; (4) the rule of law, which includes protection of property rights; (5) independence of the judiciary; and (6) control of corruption (Kaufmann et al.
Advancing Governance in the South: What Roles for International Financial Institutions in Developing States? by P. Riggirozzi