The Poverty Reduction Strategy Paper of Honduras and the Transformations of Neoliberalism

A decade into the PRSP (Poverty Reduction Strategy Paper) process, this article provides a comprehensive look at the World Bank's development approach and demonstrates that recent changes in development policy have resulted in the emergence of a more inclusively oriented neoliberal development regime. In doing so, the article traces the important “discontinuities within continuity” between structural adjustment policies (SAPs) and PRSPs, and excavates the transformative elements of the Post-Washington Consensus (PWC) and its most visible policy tool, the PRSP. In an attempt to make sense of this discontinuity within continuity, the article draws on and conceptually develops the notion of inclusive neoliberalism, and uses a case study of Honduras’ experience with the PRSP process to empirically substantiate the claims surrounding the transformations of neoliberalism. Inclusive neoliberalism arguably represents a new phase of more socially interventionist and ameliorative forms of neoliberal governance that selectively combine little-modified macroeconomic policies with more interventionist and expansive social policies to attenuate the social impacts of neoliberal reforms and prop up failing market mechanisms

Corporate governance · Development economics · Economic growth · Economic system · Economics · Expansive · Neoliberalism (international relations · Political economy · Political science · Politics · Poverty · Sociology · Structural adjustment · Transformative learning · Washington Consensus · Income, Poverty, and Inequality · Microfinance and Financial Inclusion · Poverty, Education, and Child Welfare · Law

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  Open Access•Laura Macdonald, Arne Ruckert•Post-Neoliberalism in the Americas•2009

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• World Trade Report 2006

  World Trade Organization•World Trade Report 2006•2006

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• Development Beyond Neoliberalism?

  David Alan Craig, Doug Porter et al.•Development Beyond Neoliberalism?•2006

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• A political analysis of the PRSP initiative

  Heloise Weber•Globalizations•2006

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• What the World Bank means by poverty reduction, and why it matters

  Paul Cammack•New Political Economy•2004

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• The third way and the third world

  Daniel Craig, David Craig et al.•Review of International Political…•2005

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• Producing Neoliberal Hegemony? a Neo-Gramscian Analysis of the Poverty Reduction Strategy Paper (Prsp) in Nicaragua

  Arne Ruckert•Studies in Political Economy•2007

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• Poverty reduction strategy papers

  Open Access•Alastair Fraser•Review of African Political Economy•2005

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• Recasting Neoliberal Dominance in the Global South? a Critique of the Monterrey Consensus

  Open Access•Susanne Soederberg•Alternatives Global Local Political•2005

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• Ownership and Participation

  Mia Mouelhi, Arne Ruckert•Canadian Journal of Development…•2007

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• Political Space, Pro-Poor Growth and Poverty Reduction Strategy in Honduras

  Open Access•Jose Cuesta•Journal of Latin American Studies•2007

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