Aid and the Political Economy of Policy Change

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Overview

This volume looks at the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and challenges the widely held assumption that it is a co-operative process, arguing that in fact it tends to be coercive and detrimental to development objectives. Through detailed case studies of twenty one recipient countries, he explores the key issues of:
* ownership
* role of agencies
* government objectives and the effects of policy.
The conclusion is that conditionality has been counterproductive to price stability, economic growth and investment.
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Editorial Reviews

Booknews
Charts the growth of conditionality and challenges the official view that it is not coercive, using evidence on World Bank and International Monetary Fund adjustment programs to show that these have often not brought decisive improvements in policies or economic outcomes. Through detailed case studies of 21 developing countries, regional studies, and other evidence since the 1980s, this study employs a principal-agent framework to explore the reasons for this failure. Includes a large fold-out table on economic policy reforms in 21 developing countries, 1980-94. Killick is a senior research fellow of the Overseas Development Institute, London, and a visiting professor at the University of Surrey. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780415187046
  • Publisher: Taylor & Francis
  • Publication date: 10/15/1998
  • Pages: 255
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.63 (d)

Table of Contents

List of tables
Preface
List of abbreviations
1 The practice and justification of conditionality 1
2 What has adjustment conditionality achieved? 19
3 Conditionality and adjustment in South-east Asia and Latin America 53
4 The 'ownership' problem 85
5 The model, the research, some results 100
6 Rewards, punishments and the influence of national politics 129
7 Alternatives to conditionality 160
Master Table: Summery results on conditionality and economic policy reforms in 21 developing countries, 1980-94 199
Bibliography 201
Index 214
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