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Governing Failure - Provisional Expertise and the Transformation of Global Development Finance (Hardcover, New)
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Governing Failure - Provisional Expertise and the Transformation of Global Development Finance (Hardcover, New)
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Jacqueline Best argues that the 1990s changes in IMF, World Bank
and donor policies, towards what some have called the
'Post-Washington Consensus,' were driven by an erosion of expert
authority and an increasing preoccupation with policy failure.
Failures such as the Asian financial crisis and the decades of
despair in sub-Saharan Africa led these institutions to develop
governance strategies designed to avoid failure: fostering country
ownership, developing global standards, managing risk and
vulnerability and measuring results. In contrast to the structural
adjustment era when policymakers were confident in their solutions,
this is an era of provisional governance, in which key actors are
aware of the possibility of failure even as they seek to inoculate
themselves against it. Best considers the implications of this
shift, asking if it is a positive change and whether it is
sustainable. This title is available as Open Access on Cambridge
Books Online and via Knowledge Unlatched.
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