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Demystifying Bretton Woods Institutions' Rhetoric on Public Services
Chiara Mariotti1, María José Romero1
1European Network on Debt and Development (Eurodad), Brussels, Belgium.
Development (Society for International Development)
|November 21, 2022
Summary
The International Monetary Fund and World Bank
Area of Science:
- Economics
- Public Policy
- Development Studies
Background:
- The Bretton Woods Institutions (BWI) have historically influenced global economic policies.
- Their approach to public services is critical, especially during crises like COVID-19.
- Austerity measures and market-oriented solutions have often been promoted by BWIs.
Purpose of the Study:
- To critically review the BWIs' approach to public services.
- To analyze the discourse-practice disjuncture in BWI responses to the COVID-19 crisis.
- To challenge prevailing BWI rhetoric on public service delivery and social policy.
Main Methods:
- Discourse analysis of BWI documents and statements.
- Case study analysis of IMF and World Bank responses to the COVID-19 crisis.
- Critical review of BWI policies on public services.
Main Results:
- A significant gap exists between BWI rhetoric and practice regarding public services.
- BWIs continue to advocate for austerity and market-based solutions, even during crises.
- The COVID-19 response exemplified this discourse-practice disjuncture.
Conclusions:
- The BWI's approach to public services requires critical re-evaluation.
- A shift towards alternative understandings of public services and social policy is necessary.
- Demystifying BWI rhetoric is crucial for more equitable public service provision.
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