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Governing failure :

by Best, Jacqueline,
[ ] Physical details: 1 online resource (x, 275 pages) : ISBN:9781139542739 (ebook); 9781107035041 (hardback); 9781107474932 (paperback). Subject(s): Economic development -- Finance. | Economic assistance. | Development banks. | Non-governmental organizations. | Corporate governance. Item type: List(s) this item appears in: City Campus International relations
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Title from publisher's bibliographic system (viewed on 20 Jul 2016).

Open Access title.

pt. I Understanding how global governance works -- 1. Introduction -- 2.A meso-level analysis -- pt. II History -- 3. What came before -- 4. Transformations -- pt. III New governance strategies -- 5. Fostering ownership -- 6. Developing global standards -- 7. Managing risk and vulnerability -- 8. Measuring results -- pt. IV Conclusion -- 9. The politics of failure and the future of provisional governance.

Jacqueline Best argues that the 1990s changes in IMF, World Bank and donor policies, towards what some have called the 'Post-Washington Consensus,' were driven by an erosion of expert authority and an increasing preoccupation with policy failure. Failures such as the Asian financial crisis and the decades of despair in sub-Saharan Africa led these institutions to develop governance strategies designed to avoid failure: fostering country ownership, developing global standards, managing risk and vulnerability and measuring results. In contrast to the structural adjustment era when policymakers were confident in their solutions, this is an era of provisional governance, in which key actors are aware of the possibility of failure even as they seek to inoculate themselves against it. Best considers the implications of this shift, asking if it is a positive change and whether it is sustainable. This title is available as Open Access on Cambridge Books Online and via Knowledge Unlatched.


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