By P. Riggirozzi
Drawing at the Latin American political financial system, this publication brings to the fore empirical questions about diversified styles of involvement of IFIs in pursuing politically-sensitive reforms, the skill of neighborhood actors to persuade results, the context during which they have interaction, the kind of coverage rules conveyed, and the coverage approach which are complex.
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Extra resources for Advancing Governance in the South: What are the Roles for International Financial Institutions in Developing States? (International Political Economy)
The articulation of the Washington Consensus as a development strategy has been as much a political-economic tool for the promotion of open markets as a way of understanding the world. This mode of thought is grounded in a view which presumes that the primary role of the state, and of other social and institutional arrangements in general, is to minimize transaction costs to improve the investment climate and thus promote growth. The notion of governance then becomes an (economic) means without paying attention to history, ideological traditions and politics that deﬁne the nature of social relations in a society.
The concepts of IFIs as brokers and conveyors of money and ideas depict the ‘technical versus political’ tension that they face in advancing governance reforms. Introduction 19 To understand these policy processes, power relations and tensions in grounding governance in developing countries, Chapter 3 takes us into the contextual boundaries of Argentina’s political economy since the 1990s. The choice of Argentina as a leading case is not unintentional. Argentina is a middle-income country with a strong base of local experts, policy think-tanks, consultancy, academic and pressure groups involved in policy proposals – often prior to the arrival of the IFIs’ mission in the country.
The rejection of neoliberalism in Argentina epitomized a general loss of faith in neoliberal politics and economics across the region that, among other consequences, led to a change in the relationship between the countries and the IFIs. The chapter looks at Argentina’s attempt to reconstruct governance and the involvement of the World Bank, the IDB and the IMF in the process. Three central questions developed in this chapter bring to the analysis a more general outlook: has governance become more political than technical?
Advancing Governance in the South: What are the Roles for International Financial Institutions in Developing States? (International Political Economy) by P. Riggirozzi