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Poor States, Power and the Politics of IMF ReformTheorizing Post-Washington Consensus LIDC Reform

Poor States, Power and the Politics of IMF Reform: Theorizing Post-Washington Consensus LIDC Reform [This chapter first formally reviews IMF literature and summarizes the variables that it has identified as influencing contemporary IMF policy choices. Chapter 3 then develops how three theoretical frameworks explain IMF LIDC change. Rationalist inspired approaches draw from PA modeling and focus primarily on how the dynamics that exist between powerful states and the IMF management and staff produce conditions within the institution that facilitate or undermine policy reform. Constructivist approaches focus on how changing economic ideas, notions of legitimacy, and shifting development norms influence policy choices in the IMF. Historical structural approaches drawing from Gramscian theory conceptualize IMF LIDC reform as being interrelated with global structural changes and crisis points in the contemporary globalizing social order.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Poor States, Power and the Politics of IMF ReformTheorizing Post-Washington Consensus LIDC Reform

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-57749-8
Pages
61 –89
DOI
10.1057/978-1-137-57750-4_3
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter first formally reviews IMF literature and summarizes the variables that it has identified as influencing contemporary IMF policy choices. Chapter 3 then develops how three theoretical frameworks explain IMF LIDC change. Rationalist inspired approaches draw from PA modeling and focus primarily on how the dynamics that exist between powerful states and the IMF management and staff produce conditions within the institution that facilitate or undermine policy reform. Constructivist approaches focus on how changing economic ideas, notions of legitimacy, and shifting development norms influence policy choices in the IMF. Historical structural approaches drawing from Gramscian theory conceptualize IMF LIDC reform as being interrelated with global structural changes and crisis points in the contemporary globalizing social order.]

Published: Jun 3, 2016

Keywords: Civil Society; Executive Director; Policy Choice; Capital Control; Author Interview

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