Poor States, Power and the Politics of IMF Reform: Drivers by Mark Hibben

By Mark Hibben

This books offers a well timed comparative case research that unearths the standards riding the overseas financial Fund's coverage reform in Low source of revenue constructing nations (LIDCs), as a resurgent IMF expands its footprint within the world's poorest states. via a study layout that employs either mainstream and important IPE concept, Mark Hibben uncovers 3 significant trends. Principal-agent research, he argues, demonstrates that coalition formation between robust states, IMF employees and administration, and different influential actors is critical for coverage reform. while, he makes use of constructivist research to teach that ideational frameworks of what benefits applicable macroeconomic coverage reaction even have an effect on reform efforts, and that IMF administration and employees search legitimacy of their coverage offerings. in keeping with the crises in 1999 and 2008, the writer keeps, poverty and inequality now 'matter' in IMF considering and function a chance for coverage insiders and exterior actors to deepen the institution's new dedication to 'inclusive' progress. eventually, Hibben attracts on neo-Gramscian research to focus on how the IMF regarded to melt the destabilizing results of globalization via reforms fascinated about stakeholder participation in negative states and may proceed to take action in its aid of the hot United country Sustainable improvement pursuits. which means the 2015-2030 period of time could be a severe juncture for IMF LIDC reform. by means of drawing from assorted theoretical traditions, the writer therefore presents a different framework for the research of up to date IMF swap and the way top these drawn to LIDC coverage reform can meet this objective.

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Extra resources for Poor States, Power and the Politics of IMF Reform: Drivers of Change in the Post- Washington Consensus

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Routines’ include the standard operating procedures that over time produce patterns of behavior in an institution. ‘Ideology’ is defined as the underlying belief system that sets the agenda and parameters of policy choices. ‘Norms’ include collectively shared principles and values. Catherine Weaver (2008: 37) also maintains that an institution develops its own internal language ‘which enables the organization to create a common and efficient means of communicating the shared meaning of ideology and to consistently identify, categorize, and apply standard solutions to tasks’.

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In Gramsci, historical materialism and international relations, ed. S. Gill, 21–48. Cambridge: Cambridge University Press. Gill, S. 1995. Globalization, market civilization, and disciplinary neo-liberalism. Millennium: Journal of International Studies 24(3): 411–431. Gill, S. 2008. Power and resistance in the new world order. London: Palgrave Macmillan. , D. Lake, D. Nielson, and M. Tierney. 2006. Delegation under anarchy: States, international organizations, and principal-agent theory. In Delegation and agency in international organizations, ed.

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