By Tony Killick
This quantity appears on the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and demanding situations the commonly held assumption that it's a co-operative approach, arguing that during truth it has a tendency to be coercive and hazardous to improvement targets. via specific case experiences of twenty one recipient international locations, he explores the foremost concerns of:* possession* function of businesses* govt pursuits and the consequences of policy.The end is that conditionality has been counterproductive to cost balance, financial progress and funding.
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Extra resources for Aid and the Political Economy of Policy Change
The results relating to IMF programmes are less favourable. While Conway (1994:385) found evidence that programme effects (positive and negative) were stronger where there was evidence of programme implementation, my own investigations were less reassuring (Killick, 1995b:75). Comparisons of outcomes between programmes that were completed and those that were not (generally because of noncompliance with conditions) indicated that, focusing on the BoP record as the main target variable, it was not obvious that governments which completed their programmes got superior results.
All hinges on the possibility of finding a truly comparable control group and of avoiding the bias arising from the fact that these countries have not agreed programmes with the IFIs, even though, by definition, their economic problems are as serious as those of the programme group. Before-after tests simply compare the economic situations before and after adoption of a programme, imputing all changes as programme consequences. Although this approach has the merits of ease of implementation and of providing an indication of the extent to which the borrowing governments’ desire to achieve economic improvements through adjustment programmes are actually realized, it does not cope well with the problem of the counterfactual, for it rests on the tacit assumption that the counterfactual is represented by a continuation of pre-programme conditions and trends, even though such continuation is often not a viable possibility.
7 This examined the record of the nineteen countries that had undertaken ESAF programmes as of mid-1992. These countries, all but four of which were African, between them had had a total of fifty-one ESAF programmes by that date. The study was particularly concerned with the extent to which programmes were associated with improvements in financial and structural policies and with changes in external and domestic performance; its conclusions were broadly positive. It found important improvements in economic policies—particularly in the areas of trade and exchange liberalization, decontrol of agricultural prices and marketing boards and the liberalization of interest rates—although it added that in most of the countries reviewed reforms remain incomplete.
Aid and the Political Economy of Policy Change by Tony Killick