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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

    () (Wiesner y Asociados)

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.

Suggested Citation

  • Eduardo Wiesner Durán, 2007. "La efectividad en términos de desarrollo de las instituciones multilaterales bajo restricciones de acción colectiva," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(17), pages 23-42, July-Dece.
  • Handle: RePEc:rei:ecoins:v:9:y:2007:i:17:p:23-42
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/ewiesner17.pdf
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    References listed on IDEAS

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    1. Maria Victoria Murillo & Ben Ross Schneider & Mercedes Iacoviello & Carlos Scartascini & Francisco Monaldi & J. Mark Payne & Cecilia Martínez-Gallardo & Ernesto H. Stein & Koldo Echebarría & Laurence , 2006. "The Politics of Policies: Economic and Social Progress in Latin America: 2006 Report," IDB Publications (Books), Inter-American Development Bank, number 79599 edited by J. Mark Payne & Ernesto H. Stein & Koldo Echebarría & Eduardo Lora & Nancy Morrison & Mariano Tommas, February.
    2. Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter.
    3. Colander, David, 1993. "The Lost Art of Economics: Response," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 213-215, Summer.
    4. 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.
    5. James M. Poterba & Jürgen von Hagen, 1999. "Fiscal Institutions and Fiscal Performance," NBER Books, National Bureau of Economic Research, Inc, number pote99-1, April.
    6. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, April.
    7. Wiesner, Eduardo, 1985. "Latin American Debt: Lessons and Pending Issues," American Economic Review, American Economic Association, vol. 75(2), pages 191-195, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic development; multilateral institutions; collective action restrictions;

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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