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We need to raise
other people’s children.
Good policy initiatives started by others must be cared for at least as much as our own.
—Antanas Mockus,
former mayor of Bogotá |
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The approach used in this report has profound implications for the theory and practice of development. In general, development has been viewed as a technical problem amenable to solution by technically correct policies. This is the conception that has prevailed until recently, guiding the work of countries and of bilateral and multilateral development institutions. Over the years, these technically correct policies haver undergone major transformations, with the focus shifting from capital investment to import substitution or, more recently, to the necessity of eliminating distortions in the efficient functioning of markets - the dominant theory of the so-called Washington Consensus. From these perspectives, it was important for countries to adopt the correct policies. Institutions were seen as a mere residual factor in the process of policy implementation.
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