Building Neo-liberal Markets and Other Agendas: The Politics of Risk Management at AusAID

Abstract

This article analyses emerging approaches by donors to risk management, focusing on the case of the Australian Agency for International Development (AusAID). It suggests that AusAID's understanding and management of risk are expressions of particular political and social interests and, subsequently, that its approach to risk management is inherently political in nature. While AusAID's policies and guidelines on risk management identify a wide range of risks as being relevant to the agency's work - including risks to poverty reduction and sustainable development - in practice it has focused on managing risks to the building of neo-liberal markets, both within Australia and in developing count..