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 generally held assumption that it's a co-operative procedure, arguing that during truth it has a tendency to be coercive and unsafe to improvement pursuits. via exact case experiences of twenty one recipient nations, he explores the main concerns of:* possession* position of firms* executive ambitions and the results of policy.The end is that conditionality has been counterproductive to cost balance, financial progress and funding.
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Additional resources for Aid and the Political Economy of Policy Change
Whatever is working does not appear to bear much systematic relationship to adjustment lending. This conclusion is supported by the important work on the influence of the policy environment on aid effectiveness by two Bank staff members, Burnside and Dollar (1997, footnote 10), cited in the previous chapter, ‘who found no association between the volume of aid and improvements in policy’. We will try to make sense of these results later in this volume but should already signal one possible explanation of the weakness of the observed relationship between adjustment programmes and policy improvements: moral hazard.
3. ninety-five high-conditionality IMF programmes). Even the countries with ‘poor’ or ‘very poor’ policies had received thirty adjustment loans. Evidently, the Bank’s structural adjustment conditionality has exerted a less than vice-like grip over policies. While it is true that those with the better policies have had more programmes per country, we can see from the assessment of changes in policy in 1987–91 that these were judged to have deteriorated in eleven countries even though they had received a total of nineteen programmes during the period of deterioration.
Within Africa, similar explanations have been given for the contrasting economic fortunes in the 1960s and 1970s of the Côte d’lvoire and Ghana (although more recently it is a comparison that goes against Côte d’lvoire) and between Kenya and Tanzania in the same period. At a different level, we may get an idea of the importance of policy from the regular exercises undertaken by the World Bank and some other agencies for forecasting alternative future scenarios for the world economy, finding large differences in expected outcomes depending on the assumptions made about the policies adopted.