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La efectividad en términos de desarrollo de las instituciones multilaterales bajo restricciones de acción colectiva

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  • Eduardo Wiesner Durán

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    (Wiesner y Asociados)

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    Abstract

    This paper suggests that the best way to evaluate and drive development policy is to understand the root causes that explain the political economy restrictions limiting the developmental effectiveness of multilateral and bilateral institutions. To mitigate the deleterious effects of collective action restrictions this paper recommends a two-pronged interdependent strategy: an enhanced use of ex ante evaluation in all interventions and through a more intensive application of the paper trail approach; and changes of constitutional rules or macro-institutional conditions which determine the decisions made in all institutions.

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/ewiesner17.pdf
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    Bibliographic Info

    Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.

    Volume (Year): 9 (2007)
    Issue (Month): 17 (July-December)
    Pages: 23-42

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    Handle: RePEc:rei:ecoins:v:9:y:2007:i:17:p:23-42

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    Related research

    Keywords: economic development; multilateral institutions; collective action restrictions;

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    1. Stanley Fischer & Allan H. Meltzer & Jeffrey D. Sachs & Nicholas Stern, 2003. "The Future of the IMF and World Bank: Panel Discussion," American Economic Review, American Economic Association, vol. 93(2), pages 45-50, May.
    2. Colander, David, 1993. "The Lost Art of Economics: Response," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 213-15, Summer.
    3. Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter.
    4. Wiesner, Eduardo, 1985. "Latin American Debt: Lessons and Pending Issues," American Economic Review, American Economic Association, vol. 75(2), pages 191-95, May.
    5. James M. Poterba & Jürgen von Hagen, 1999. "Fiscal Institutions and Fiscal Performance," NBER Books, National Bureau of Economic Research, Inc, number pote99-1, May.
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