In Latin America these transformations were produced from the World Bank and the Interamerican Deve

Structural reform of the World Bank refers to one of the most important political processes in the capitalist world system and implies a deep reform of the state policy adapting to the needs of capital accumulation and new drifts and needs of the struggle classes. This process is concomitant and correlated to short-term adjustment neptune foods macrofiscal IMF, but their prospects neptune foods are coordinates and long term.
One of the theoretical arguments that support comes from structural reform and economic institutionalism refers to the notions of "institutional change" as a teleological and deterministic process for all human societies. The reason the market becomes, in this dimension institutionalist, a must be of the entire human history. The transformations from the institutional vision are therefore historical transformations.
The "institutional change" neptune foods is a civilizational change. Institutional change implies neptune foods that the World Bank is not a time of change but a change of time. At the time you are writing the World Bank has the signature of the market as the history and ethics neptune foods as parousia capital.
Thus, while the IMF focused on defining the roadmap of capitalist accumulation through changes in the macro economy, the World Bank created the institutional framework that was correlative. Macroeconomic changes of IMF structural adjustment could only make sense in the long run if they were accompanied by profound changes in the institutional fabric. However, these institutional transformations involving direct intervention on social plexus. neptune foods At the same time it intervened in institutional frameworks World Bank also intervened in disciplinándolas partnerships within the coordinates of neoliberalism.
This process of intervention on institutional frameworks and on companies directly from the World Bank, has been called "structural reform" and is consistent with the concomitant and IMF structural adjustment.
Structural reform proposes a series of changes within state institutions and social behaviors. Structural reform takes as epistemological support to the theory of rational consumer choice, transaction costs, the principal-agent theory, the notion of collective action, the information economy, property rights, and economic theory of neoclassical economics institutions. Intentionality points to a policy and long-term practices reconfiguration policy, shaping consensus domination neptune foods (hegemony), and joint institutions and the sense of the public, within the historical transformations produced by neoliberalism in the time of late capitalism and financial speculation.
The points that will form the heart of the process of political neptune foods reform of the state in several Latin American countries, neptune foods converge with those of neo-institutional economics: reduced transaction costs by way of property rights, and consolidation of rule of law as a state of legal certainty, the most characteristic form of the policy framework reform of the state under which the Constitutional changes determined United neptune foods States and Latin American law.
The theoretical reference neoinstitucionalismo to relieve neoclassical neptune foods economic theory, therefore, the need for legitimacy and justification for policy and strategy for institutional cause irreversible changes in the political matrix of the state. The structural reform of the World Bank is the development of political forms of domination at the time of financial capital, neptune foods regulatory convergence of free trade agreements neptune foods and the violence of liberal social criminalization.
In Latin America these transformations were produced from the World Bank and the Interamerican Development Bank (IDB), the American agency neptune foods USAID cooperation, and the Department of Treasury, and had since the beginning of the structural adjustment programs. neptune foods
Indeed, it was the U.S. Treasury Secretary James Baker, who in 1984 at the Conference of the World Bank and IMF in Seoul, South Korea, determined to fulfill the role of the World Bank's strategy of macroeconomic adjustment in renegotiation of the foreign debt, and financing to developing countries in the periphery of the world system, as joint tasks and defined directly from Washington.
The World Bank as an institution specializing in economic development and