By P. Riggirozzi
Drawing at the Latin American political financial system, this ebook brings to the fore empirical questions about varied 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 rules conveyed, and the coverage method which are complex.
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Additional resources for Advancing Governance in the South: What Roles for International Financial Institutions in Developing States?
In addressing these issues, the concept of a policy network becomes an analytical device that helps to identify actors within the policy process as well as the properties that characterize relationships among the particular set of actors in speciﬁc issue areas.
It considers the general argument about the contextual character of power relations and the importance of the political reality of developing countries. It thus extends the analysis moving away from Argentina to a more general review of economic ideas, power relations and policy change in Latin America as a whole. The analysis of speciﬁc cases of governance reforms before and after the crisis in Argentina, as well as the broader examination of the current political economic problem in Latin America, shows that in the promotion of politically sensitive reforms IFIs face a dilemma: either they promote governance-related programmes on the basis of preconceived ideas of what constitutes good policies and good reforms, or they engage with local experts to compromise and amalgamate positions, utilizing joint expertise in the framing of policy reforms and their implementation.
The discourse of 34 Advancing Governance in the South governance may thus play down the material power of conditionality, which, although a critical instrument for shaping and triggering neoliberal reforms during the 1980s and 1990s, was ineffective in assuring policy change. As noted by Weyland, though dependence on external funding gives external donors extensive leverage over development policies, it does not give them control over the implementation of policy on the ground (2006: 15). ). In short, local politics and local actors are not passive receptors of policies designed and conveyed by the IFIs.