1998 Annual Review of Development Effectiveness (Evaluation by Robert Buckley

By Robert Buckley

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Una perspectiva global En el examen del ano pasado se concluía que el desafío consiste en encontrar la justa medida entre la política para el país y los aspectos institucionales, y las estrategias para tratar de mejorar las condiciones propicias para un mayor crecimiento y desarrollo. Ante un entoarno mucho más complejo y hostil, en el examen de este ano se llega a una conclusión similar. Ahora es incluso más evidente que no basta mejorar los resultados de los proyectos, por muy importante que sea este aspecto.

Los paises en crisis no son los únicos afectados por el aumento de la desigualdad. Datos correspondientes a 74 paises revelan un incremento extraordinario de la desigualdad en la década de 1990: ésta ha aumentado en 49 paises, y ha disminuido tan sólo en diez. Lo anterior confirmal a necesidad de insistir en la inclusión, el desarrollo social y las redes de protección social a la hora de diseñar y aplicar las estrategias de reforma y los programas de desarrollo. Centrar la atención en los paises recurriendo a las asociaciones de colaboración Los aspectos financieros, institucionales y sociales deben considerarse en conjunto.

Given the unprecedented volume and reversibility of short-term capital flows, weak banking institutions and ineffective regulatory systems proved a lethal combination. The reversal of capital flows was especially deep and disruptive where domestic interest rates were higher than in the international markets. Financial supervision, corporate governance, and corruptionlet alone social safety netswere too often given minimal emphasis in the "metrics" of performance monitoring and assessment. As stressed in last year's Review, institutional development lies at the core of develop- Page 4 More inclusive, participatory approaches must be developed.

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