Tackling opposition to implementing fiscal reform in developing countries: The case of the infrastructure and natural resources sectors
Abstract
Purpose
This paper seeks to examine ways in which political opposition to market‐oriented reforms in emerging markets can be challenged.
Design/methodology/approach
An in‐depth study of two industrial sectors is undertaken – natural resource industries and infrastructure since both these sectors are closely related to poverty alleviation in developing countries. The paper is based on a two‐year discussion and review process the OECD organized among its member countries (mostly aid agencies that had been involved in fiscal reform in developing countries) in collaboration with the IMF, the World Bank, and experts and government representatives from China, India and South Africa between 2003 and 2005.
Findings
A series of findings related to government policy in the face of opposition to economic reforms include an emphasis on consultation, local ownership and pragmatism.
Originality/value
This paper offers clear guidance on government reforms in emerging markets based on specific analysis of key sectors.
Keywords
Citation
Caspary, G. (2008), "Tackling opposition to implementing fiscal reform in developing countries: The case of the infrastructure and natural resources sectors", International Journal of Emerging Markets, Vol. 3 No. 1, pp. 87-103. https://doi.org/10.1108/17468800810849240
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited