For developing countries: Post-crisis dissensus
In the current issue of Governance, Matt Andrews of Harvard Kennedy School considers how the financial crisis will shape the trajectory of public sector reform in developing countries. Before the crisis, many developing countries emulated reforms of richer states. But this pattern may likely be shaken by the crisis, Andrews suggests. The legitimacy of developed country policies is questioned, while new players such as China offer alternative models. Endogenous factors within developing countries will play a larger role in determining reform paths. Open access to the article. Photo: Matt Andrews at a Governance roundtable on the financial crisis, with Geoffrey Tootell, senior vice president of the Federal Reserve Bank of Boston.
