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Toward Democracy: A Critique of a World Bank Loan to the United Mexican States
Author(s) -
Richardson Jayson W.
Publication year - 2005
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.2005.00150.x
Subject(s) - loan , democracy , modernization theory , decentralization , democratization , indigenous , bridge loan , participation loan , economics , political science , public administration , economic growth , business , finance , non performing loan , law , politics , market economy , ecology , biology
In 2002 the World Bank issued a US $ 300 million loan to Mexico to finance an education reform project. The loan is the second phase of a three‐part Adaptable Program Loan (APL). A brief description of the 136‐page World Bank reform project is initially detailed and contrasted with a historical perspective. The Multiple Streams Model is used to determine why this education reform has come to fruition. Finally, the Frank Model is used to assess viability of this phase of the APL. It is concluded that this loan takes great national steps toward modernization, decentralization, and democratization. The adaptability of the loan is quite evident and proactive. Success of this project is promising, but the World Bank must not forget the cultural needs of the indigenous peoples.