By P. Riggirozzi
Drawing at the Latin American political economic system, 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 within which they have interaction, the kind of coverage principles conveyed, and the coverage technique which are complex.
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Additional resources for Advancing Governance in the South: What are the Roles for International Financial Institutions in Developing States? (International Political Economy)
As suggested in the following pages, policy change should be analysed in terms of policy processes, and policy processes as multiple spaces of contestation in which competing interests, incentives, material and ideological capabilities affect policy outcomes. Equally, this study also attempts to compensate for the limitations of earlier writing in the public policy literature which overemphasized evidence and patterns in the adoption of public policies at the micro-level of government behaviour, assuming rational models in which ideas, policy models and institutions are transferred mimetically from one country to another.
However, it would be analytically misguided to overemphasize the material and ideological capabilities of the IFIs in shaping the course of policy change; particularly in middle-income countries where ﬁnancial resources are not reduced to the multilateral donors and, equally important, there is a vibrant and politically inﬂuential local network of experts informing policy-making. In this scenario, as this study suggests, the IFIs are almost compelled to avoid what Rodrik (2008: 4) calls the ‘good practices trap’ and engage with the local conveyors of knowledge and policy ideas.
As stated earlier, the analysis of ideas and knowledge as powerful factors in global politics has been widely covered in the ﬁeld of IPE, but the contribution of such analyses suffers from the generalization and structural bias affecting IPE debates. Most critical contributions in IPE have not been accompanied by empirical cases that demonstrate the relative inﬂuence of different sources of power and power relations at a certain time and place. Moreover, some analyses in IPE tended to generalize knowledge as the embodiment of ideological representations Brokers and Conveyors of Governance 39 (Cox 1986; Gill 2000), creeds (Strange 1988: 123–127, 1991) or normative frameworks (Bøas and McNeill 2004: 213–214).