Apr 19, 2008

Beyond Washington Consensus

Dani Rodrik says
successful policy reform is at its core governance reform
I completely agree with this sentiment. For too long, the multilateral agencies have focussed on policy formulations and seeing it fail and blaming it on governance. While the link has been made many times, mostly in a post facto manner. The right way to go about is i think going for governance reform, enablers (Specifically MIS), and then policy reforms. While this seems self evident on reading, it must be noted that "washington consensus" which was the staple of reforms under development agencies, for long has focussed on policy reforms while treating Governance as an exogenous variable.