Borrower Ownership of Adjustment Programs and the Political Economy of Reform
| Author/creator | Johnson, John H., 1945- Author |
| Other author | Wasty, Sulaiman S. Author |
| Format | Electronic |
| Publication Info | Washington : World Bank Publications |
| Description | 32 p. 27.000 x 022.000 cm. |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Series | Discussion Paper Ser. Vol. 199 |
| Summary | Annotation With strong encouragement from the World Bank and other international agencies, developing countries have increasingly taken loans to finance programs that promote economic adjustment and restructuring. This paper investigates the view that the more involved a borrowing country is in a program of adjustment lending, the more successful the program is likely to be. The authors evaluated some 100 adjustment programs in 42 countries to confirm the relationship between borrower's involvement, or ownership, and the outcome of a program. They define and quantify empirically verifiable conditions of borrower ownership. The paper outlines a model used to determine and measure the criteria for ownership. Treating ownership as an independent variable, the authors find a significant correlation between ownership and outcome. Through selected country case studies, they determine factors that account for differences in the strength of borrower ownership. These factors include political stability, government support, and participation by nongovernmental interest groups. The authors suggest that taking these factors into consideration from the earliest stages of program design will increase the chances for success. They also advise caution in cases where significant doubt exists about the extent of borrower ownership. This discussion paper will be of interest to those involved in the design and implementation of adjustment programs. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 93008236 |
| ISBN | 9780821324707 |
| ISBN | 0821324705 (Trade Paper) Out of Print |
| Standard identifier# | 9780821324707 |
| Stock number | 12470 00028989 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |