scholarly journals For the children? A mixed methods analysis of World Bank structural adjustment loans, health projects, and infant mortality in Latin America

2021 ◽  
Vol 17 (1) ◽  
Author(s):  
Shiri Noy

Abstract Background The World Bank wields immense financial and normative power in health in the developing world. During the 1980s and 1990s, in the face of intense criticism of its structural adjustment policies, the World Bank purportedly turned its attention to “pro-growth and pro-poor” policies and new lending instruments. One focus has been an investment in maternal and infant health. My analysis uses a mixed methods approach to examine the relationship between traditional structural adjustment and health loans and projects and infant mortality in Latin America and the Caribbean from 2000 to 2015. Results My answer to whether the World Bank’s projects in Latin America worked “for the children” is: somewhat. The results are heartening in that quantitatively, health projects are associated with lower infant mortality rates, net of controls, whereas traditional structural adjustment loans do not appear to be negatively associated with infant mortality, though examined across a short time horizon. Qualitative data suggest that infants, children, and mothers are considered in World Bank loans and projects in the context of an economic logic: focusing on productivity, economic growth, and human capital, rather than human rights. Conclusion Taken together, my results suggest that the World Bank appears to, at least partially, have amended its approach and its recent work in the region is associated with reductions in infant mortality. However, the World Bank’s economistic approach risks compartmentalizing healthcare and reducing people to their economic potential. As such, there remains work to do, in Latin America and beyond, if health interventions are to be effective at sustainably and holistically protecting vulnerable groups.

1986 ◽  
Vol 14 (3) ◽  
pp. 333-346 ◽  
Author(s):  
Edmar L. Bacha ◽  
Richard E. Feinberg

Author(s):  
Amy C. Offner

This chapter describes Eduardo Wiesner as an International Monetary Fund and World Bank economist of the 1980s and 1990s. During those years, he acquired a notorious reputation for negotiating structural adjustment programs across Latin America, and he championed new forms of decentralization that took apart developmental states. Wiesner was no dissident outsider to developmental state-building; he was a product of it. Wiesner's career in Washington grew from his work in Colombia, and nothing makes that fact clearer than his decades of writing on state decentralization. During the 1990s, Wiesner distinguished himself as an authority on decentralization, and he and his colleagues at the World Bank presented it as an adjunct to structural adjustment.


2017 ◽  
Vol 49 (4) ◽  
pp. 1357-1379 ◽  
Author(s):  
Allison Carnegie ◽  
Cyrus Samii

How do international institutions affect political liberalization in member states? Motivated by an examination of the World Bank loans program, this article shows that institutions can incentivize liberalization by offering opportunities for countries to become associated with advanced, wealthy members. In the World Bank, when a loan recipient reaches a specified level of economic development, it becomes eligible to graduate from borrower status to lender status. Using a regression discontinuity design, the study demonstrates that this incentive motivates states to improve their domestic behavior with respect to human rights and democracy. Combining qualitative and quantitative evidence, the results suggest that the desire to become a member of this elite group is responsible for motivating member states to reform due to the belief that such membership brings diffuse international and domestic benefits.


1996 ◽  
Vol 15 ◽  
pp. 65-93 ◽  
Author(s):  
Fikret Şenses

Much of the recent debate on the labor market issues of developing countries has revolved around the interaction of the labor market with stabilization and structural adjustment policies, introduced mostly in conjunction with the IMF and the World Bank. In particular, there is a growing body of literature on the interaction between structural adjustment policies and employment performance in these countries.According to the dominant view in this literature, the favorable employment effects of these policies stem basically from the shift of industrial trade strategy from state-led import substitution towards market-based export orientation.


1988 ◽  
Vol 26 (2) ◽  
pp. 179-210 ◽  
Author(s):  
John Ravenhill

Six years of intense debate have produced a measure of agreement on a solution for Africa's malaise. This is captured by the latest catchphrase of the International Monetary Fund and the World Bank, ‘Adjustment with Growth’, which implicitly acknowledge past errors by African governments – or, minimally, that a continuation of previous policies is no longer tenable in a changed external environment. An emphasis on ‘growth’ recognises that ‘adjustment’ must encompass more than ‘stabilisation’, that the continent needs additional externally-provided financial resources on concessional terms if import strangulation is not to exacerbate the downward economic spiral in which many countries are currently trapped. This fragile consensus is facing its first serious practical test as the World Bank attempts to extend its Structural Adjustment Lending programme in Africa. Clearly, significant differences remain between the attitudes of African governments and external donors, and within the academic community, on the sources of the continent's problems and on the policy measures that are needed to counteract them.


2019 ◽  
Vol 51 (S1) ◽  
pp. 253-276
Author(s):  
Johanna Bockman

In 1980 the World Bank extended its first structural adjustment loans. Scholars and activists have argued that structural adjustment policies, and the neoclassical economics that legitimates them, destroyed Keynesianism, developmentalism, and socialism. In contrast to the view that structural adjustment began as a clear neoliberal project, I argue that the second and third worlds, in fact, demanded structural adjustment, which, in response, the World Bank and International Monetary Fund sought to realize but in a way fundamentally different from what was demanded. In this article, I examine economists’ ideas about structural adjustment across socialist eras—from 1920s Weimar Germany and the Soviet Union to midcentury socialist Yugoslavia and the post-1964 UN Conference on Trade and Development—and explore the origins of what we know today as structural adjustment policies.


Sign in / Sign up

Export Citation Format

Share Document