By P. Riggirozzi
Drawing at the Latin American political financial system, this booklet brings to the fore empirical questions about various styles of involvement of IFIs in pursuing politically-sensitive reforms, the skill of neighborhood actors to steer results, the context during which they have interaction, the kind of coverage rules conveyed, and the coverage method which are complicated.
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Additional info for Advancing Governance in the South: What Roles for International Financial Institutions in Developing States?
Likewise, such economic determinism ignores processes of contestation and collaboration among domestic and international actors (Gale 1998; Egan 2001; Levy and Newell 2002; also Germain and Kenny 1998). Questions as to how the interplay between actors (and their ideas) affects policy outcomes or, more importantly, how do actors construct common grounds based on which effective change occurs reveal the shortcomings in critical IPE’s central concern about social forces and policy change. The main aim of this book is, therefore, to bring social forces – and their ideas and policy stances – to centre stage.
Surveillance and consensus cannot necessarily be taken as an expected consequence of the IFIs’ knowledge agenda, but rather as the result of effective compromise between policy frameworks. In response to some of the shortcomings identiﬁed in the literature of IPE, a key theoretical challenge in the development of this study is the inclusion of a critical understanding of knowledge as a powerful ideational resource without relegating it to a stand-alone or abstract explanatory factor. Knowledge represents a powerful resource in that it legitimizes normative frames around which development policy is oriented, and delegitimizes, at the same time, competing notions and policy approaches (Sending 2004: 59).
But, as we argued, overcoming the risk of generalization that somewhat restricts the scope of IPE power must be considered a relational concept. Likewise, to explore policy change, particularly in democratic societies, special attention needs to be given to accommodation and compromise amongst actors’ interests, ideas and political agendas. The framework developed in this chapter will help us to explore the extent to which policy ideas, both held by local actors and framed within the IFIs’ development paradigm, do not exist in a political and ideological vacuum.