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The World Bank, Structural Adjustment Programs And Developing Countries: A Review Using Resource Dependency Theory

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Abstract:

In the past thirty years, the global economic landscape has changed dramatically. Organizations such as the World Bank, IMF, and national governments, have through their interactions changed the international economy. Beginning in the late-1970s, structure adjustment programs (SAPs) have been implemented to encourage the governments of so-called developing countries to pay back debts to the World Bank and in the process become part of the global economy. SAPs are implemented as part of the conditions for loans given by monetary lenders including the World Bank. Lenders require that governments take steps that are intended to increase their gross domestic products. Governments must focus on increasing exports, decreasing spending on social programs, and privatizing public services such as water and electricity.
Much has been written, particularly in the literature on inequality, about the negative effects of SAPs on developing countries and particularly on the neediest of the people of those countries (Seligson and Passe-Smith 2003; Cagatay and Ozler 1995; Afshar and Dennis 1992). Less has been written about the theoretical explanations for the implementations for SAPs by the World Bank and the IMF. Organizational theory would be useful for examining how the organizations of the World Bank, IMF, and national governments act within a particular organizational environment. In this paper, I apply resource dependency theory to the issue of SAPs to better understand this process.

Most Common Document Word Stems:

countri (81), world (68), bank (63), develop (55), depend (40), organ (33), resourc (32), imf (29), govern (28), econom (27), theori (24), loan (23), sap (22), global (22), power (16), economi (15), adjust (15), polici (14), structur (13), use (13), state (12),

Author's Keywords:

international development, resource dependency, structural adjustment programs
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Name: American Sociological Association
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http://www.asanet.org


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MLA Citation:

Slusser, Suzanne. "The World Bank, Structural Adjustment Programs And Developing Countries: A Review Using Resource Dependency Theory" Paper presented at the annual meeting of the American Sociological Association, Montreal Convention Center, Montreal, Quebec, Canada, Aug 10, 2006 <Not Available>. 2013-12-16 <http://citation.allacademic.com/meta/p102921_index.html>

APA Citation:

Slusser, S. , 2006-08-10 "The World Bank, Structural Adjustment Programs And Developing Countries: A Review Using Resource Dependency Theory" Paper presented at the annual meeting of the American Sociological Association, Montreal Convention Center, Montreal, Quebec, Canada Online <PDF>. 2013-12-16 from http://citation.allacademic.com/meta/p102921_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: In the past thirty years, the global economic landscape has changed dramatically. Organizations such as the World Bank, IMF, and national governments, have through their interactions changed the international economy. Beginning in the late-1970s, structure adjustment programs (SAPs) have been implemented to encourage the governments of so-called developing countries to pay back debts to the World Bank and in the process become part of the global economy. SAPs are implemented as part of the conditions for loans given by monetary lenders including the World Bank. Lenders require that governments take steps that are intended to increase their gross domestic products. Governments must focus on increasing exports, decreasing spending on social programs, and privatizing public services such as water and electricity.
Much has been written, particularly in the literature on inequality, about the negative effects of SAPs on developing countries and particularly on the neediest of the people of those countries (Seligson and Passe-Smith 2003; Cagatay and Ozler 1995; Afshar and Dennis 1992). Less has been written about the theoretical explanations for the implementations for SAPs by the World Bank and the IMF. Organizational theory would be useful for examining how the organizations of the World Bank, IMF, and national governments act within a particular organizational environment. In this paper, I apply resource dependency theory to the issue of SAPs to better understand this process.

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