By Jane Harrigan, Paul Mosley, John Toye
While the foremost relief corporations made flows of reduction conditional on adjustments in coverage, they caused an intensive debate in improvement circles. Aid and Power has made essentially the most major and influential contributions to that discuss. This variation has been revised to take account of adjustments in the global financial institution itself and the extension of coverage established lending to the previously socialist economies of east and relevant Europe.
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Extra info for Aid and Power - Vol 1: The World Bank and Policy Based Lending
This in turn requires the entire institution, including the Board of Executive Directors, to become 'pervaded with the necessary values and incentives'. That phrase gives some clue about the scale and difficulty of the transformation that the Report is seeking. : ii). Between those years, the share of projects with 'major problems' as defined by the Operations Evaluation Division increased from 11 to 20 per cent, these problems being especially severe in Africa. This overlaps almost exactly with the period (1980-8) for which Aid and Power analysed the impact of structural adjustment lending, and argued that it had indeed helped developing countries 'a little, but not as much as the Bank (had) hoped' (Chapter 9).
Many of the policy conditions to which it is applied will be right beyond a peradventure. The danger lies, as was argued in Aid and Power, in the excessive multiplication of policy conditions and the use of informal cross-conditionality to enforce large aggregated policy packages, many of whose conditions will be right but some of which will be wrong. Rather than the outlawing of cross-conditionality, what is needed is a self-denying ordinance to limit its use to a small number of crucial policy reforms whose benefits are as unambiguous as possible.
In the NPE, all this has changed. Interest group competition has become deJtructive of the public interest (identified with liberalisation policies) and symptomatic of a political fragmentation which occurs when politicians and administrators (illegitimately) as well as ordinary citizens (legitimately) pursue their individual self-interest (Grindle, 1989: 13). An even more dramatic change has occurred on the question of the origin of social rigidities, because here the shift of emphasis occurs between the earlier and later works of the same author - Mancur Olson.
Aid and Power - Vol 1: The World Bank and Policy Based Lending by Jane Harrigan, Paul Mosley, John Toye