Why do institutions matter? Global competitiveness and the politics of policies in Latin America

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Abstract

This paper subjects to critique the 'new institutionalism ' in development policy literature. It highlights the way 'second generation' institutional reform processes in the Latin American region are to be engineered through a politics of global competitiveness while their success is to be gauged, fiirst and foremost, in capital-functional terms The paper culminates in the focused critique of an Inter-American Bank flagship report, The Politics of Policies, which demonstrates the new institutionalism's prejudice against any form of political leadership that does not seek to guarantee a competitive investment climate as well as an uncompromising commitment to a politics of global competitiveness.
Original languageEnglish
Pages (from-to)67-99
Number of pages33
JournalCapital & Class
Volume33
Issue number2
DOIs
Publication statusPublished - May 2009

Keywords

  • new institutionalism
  • global competitiveness
  • Latin America
  • Inter-American Development Bank

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