| Reform, Recovery, and Growth: Latin America and the Middle East Contributor(s): Dornbusch, Rudiger (Editor), Edwards, Sebastian (Editor) |
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ISBN: 0226158454 ISBN-13: 9780226158457 Publisher: University of Chicago Press OUR PRICE: $108.30 Product Type: Hardcover - Other Formats Published: March 1995 Annotation: The debt crisis of 1982 caused serious dislocations in most developing countries. Reform, Recovery, and Growth seeks to explain why some of these countries have succeeded in engineering a recovery from the debt crisis, while others continue to stagnate more than a decade later. Included in this volume are case studies that describe in detail the stabilization experiences in Brazil, Israel, Argentina, and Bolivia, as well as discussions of Chile, Mexico, Peru, and Turkey. Among the questions addressed are: What are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost? What are the effects of structural reforms, especially trade liberalization, deregulation, and privatization, on growth in the short and long runs? How do macroeconomic instability and adjustment policies affect income distribution and poverty? How does the specific design of structural adjustment efforts affect results? In this continuation of the research published in Macroeconomics of Populism in Latin America, the authors confirm that macroeconomic stability has a positive effect on income distribution and therefore benefits the poor. |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development |
| Dewey: 338.956 |
| LCCN: 94027934 |
| Series: National Bureau of Economic Research Project Report |
| Physical Information: 1.15" H x 6.38" W x 9.3" (1.66 lbs) 436 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth explains why some of these countries have recovered from the debt crisis, while more than a decade later others continue to stagnate. Among the questions addressed are: What are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost? What are the effects of structural reforms, especially trade liberalization, deregulation, and privatization, on growth in the short and long runs? How do macroeconomic instability and adjustment policies affect income distribution and poverty? How does the specific design of structural adjustment efforts affect results? In this companion to Macroeconomics of Populism in Latin America, the authors confirm that macroeconomic stability has a positive effect on income distribution. The volume presents case studies that describe in detail the stabilization experiences in Brazil, Israel, Argentina, and Bolivia, and also includes discussion of Chile, Mexico, Peru, and Turkey. |
Contributor Bio(s): Edwards, Sebastian: - Sebastian Edwards is the Henry Ford II Professor of International Economics in the Anderson Graduate School of Management at the University of California, Los Angeles. |