Read e-book online IMF, World Bank and Development PDF

Read e-book online IMF, World Bank and Development PDF

By Alberto Paloni, Maurizio Zanardi

The debate on even if the overseas financial Fund and global financial institution and their intervention ideas are a good strength for swap within the constructing international maintains to rage. that includes either macroeconomic and microeconomic techniques, this booklet brings jointly a global group of members and centres upon 3 large themes:

  • the ideology of the IMF and global Bank
  • poverty reduction
  • conditionality.

In exploring those topics, this e-book can be a useful reference for postgraduate scholars and pros within the fields of improvement reports and political economy.

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Example text

On the one hand, DPL has the promotion of ownership as one of its key objectives. It envisages that the Bank would be involved in the consultation process on par with the other development stakeholders. On the other hand, however, the Bank will decide whether to support a country’s reform programme on the basis of the evaluation of the country’s macroeconomic, social and structural policies, its governance and its implementation capacity, taking into account the country’s track record (which is regarded as one of the more robust indicators of commitment).

Shafaeddin is an analysis into the first link in the chain running from trade liberalization to growth to poverty reduction. More precisely, this chapter gives an assessment of the effect of trade liberalization on growth and on the factors driving sustainable growth, such as investment and industrial development. Shafaeddin finds that, following the structural reforms of the 1980s, only a small number of countries, mostly East Asian, saw fast and sustained growth in manufactured exports, rapid expansion of industrial supply capacity and upgrading of the industrial base.

In this chapter, Weeks also discusses several reforms of the PRS process that are necessary if this is to be consistent with national ownership. Most importantly, the PRS process should be established within existing national planning institutions and the PRS document should be a development strategy, that is, a political programme debated and endorsed by formal representative institutions, above all national parliaments. In the chapter ‘What does ownership mean in practice? Policy learning and the evolution of pro-poor policies in Uganda’, Oliver Morrissey and Arjan Verschoor aim to clarify the concept of ownership of policy reform.

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