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Promoting Governance in Developing Countries: The Need for a New Compromise

  • Pia Riggirozzi
Chapter
Part of the International Political Economy Series book series (IPES)

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.

Keywords

Local Actor Global Governance Washington Consensus Bank Staff Judicial Reform 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Pia Riggirozzi 2009

Authors and Affiliations

  • Pia Riggirozzi
    • 1
  1. 1.Department of PoliticsUniversity of SheffieldUK

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