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Advancing Governance in the SouthPromoting Governance in Developing Countries: The Need for a New Compromise

Advancing Governance in the South: Promoting Governance in Developing Countries: The Need for a... [For the past 25 years, the neoliberal ideology underpinning the IFIs-sponsored governance reform initiatives throughout Latin America has been both influential and pervasive. The monetarist and neoliberal economic policies which drove the changes in Latin America — from autarchic statism to indiscriminate open economies — during this period carried the expectation that these changes would make the relevant economies more efficient and more effective. However, by the mid-1990s disillusionment with the charms of open markets and of neoliberalism began to creep in. Economic growth in Latin America remained erratic, widespread employment problems were undiminished, new rounds of unpopular adjustment often led to undemocratic practices and social distribution worsened.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Advancing Governance in the SouthPromoting Governance in Developing Countries: The Need for a New Compromise

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2009
ISBN
978-1-349-30561-2
Pages
179 –187
DOI
10.1057/9780230233928_8
Publisher site
See Chapter on Publisher Site

Abstract

[For the past 25 years, the neoliberal ideology underpinning the IFIs-sponsored governance reform initiatives throughout Latin America has been both influential and pervasive. The monetarist and neoliberal economic policies which drove the changes in Latin America — from autarchic statism to indiscriminate open economies — during this period carried the expectation that these changes would make the relevant economies more efficient and more effective. However, by the mid-1990s disillusionment with the charms of open markets and of neoliberalism began to creep in. Economic growth in Latin America remained erratic, widespread employment problems were undiminished, new rounds of unpopular adjustment often led to undemocratic practices and social distribution worsened.]

Published: Oct 12, 2015

Keywords: Local Actor; Global Governance; Washington Consensus; Bank Staff; Judicial Reform

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