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Banking on Health

The World Bank and Health Sector Reform in Latin America

Bibliographic Data

ID2244399
AuthorsTimothy Gill (0000-0002-8645-9255, University of North Carolina Wilmington), Timothy M Gill (University of North Carolina Wilmington, corresponding author)
Year2018
Volume96
Issue4
Pagese9-e9
Publication date2018-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSocial Forces (JOURNAL)
Journal identifiersISSN: 0037-7732 • E-ISSN: 1534-7605
PublisherOxford University Press (PUBLISHER • GB)
DOI10.1093/sf/soy032
OpenAlexW2799664872
LanguageEN
Citations received3

Within the social sciences, much of the common sense surrounding the behavior of international financial institutions (IFIs), such as the International Monetary Fund (IMF) and the World Bank (WB), follows a rather conventional line of thinking. It runs something like this: many governments across the world required international funding amid debt crises in the mid-to-late twentieth century. As a result, they requested help from the IMF and WB. In order to ensure that past and now future debts were repaid, these groups demanded cuts to public services, such as education, health, and state employment, in order to free up state funds for debt servicing. In the end, these cuts generated increased inequality and generally benefited only wealthy citizens and transnational corporations. There is, of course, much truth to this story. The IMF and WB did condition their loans based on austerity measures. States that received their assistance often did cut state employment and attempt to downsize state bureaucracies. Many countries did witness escalating rates of inequality throughout the mid-to-late twentieth century.

Business · Development economics · Economic growth · Economics · Environmental health · Financial system · Health sector · Health services · Latin Americans · Political science · Healthcare Systems and Reforms · Medicine

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Unique citing works3
Citations per year0,38
Citation span2018 - 2022 (5)
Citation velocityhistorical
Highly citedNo

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