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In the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. Building on the case studies in Economic Crisis and Policy Choice, these essays offer comparative analysis of these divergent experiences with macroeconomic stabilization and structural adjustment. Barbara Stallings and Miles Kahler explore the external pressures on governments. Peter Evans and John Waterbury examine the role of the state in the adjustment process, Evans through the lens of earlier historical experience with economic restructuring, Waterbury by focusing on the politics of privatization. Joan Nelson analyzes the politics of income distribution in the adjustment process, and Haggard and Kaufman investigate the political correlates of inflation and stabilization. A final essay assesses the prospects for combining market-oriented reforms with political democratization.
An impressive effort to summarize the political legacy of economic reform, and to clarify the elusive relationship between political transition and economic change. In its comparative breadth and theoretical depth, this volume has few peers in the contemporary literature in comparative political economy. American Political Science Review
|List of Figures and Tables|
|Introduction: Institutions and Economic Adjustment||p. 3|
|International Influence on Economic Policy: Debt, Stabilization, and Structural Reform||p. 41|
|External Influence, Conditionality, and the Politics of Adjustment||p. 89|
|The State and the Politics of Adjustment|
|The State as Problem and Solution: Predation, Embedded Autonomy, and Structural Change||p. 139|
|The Heart of the Matter? Public Enterprise and the Adjustment Process||p. 182|
|Poverty, Equity, and the Politics of Adjustment||p. 221|
|The Political Economy of Inflation and Stabilization in Middle-Income Countries||p. 270|
|Economic Adjustment and the Prospects for Democracy||p. 319|
|Table of Contents provided by Publisher. All Rights Reserved.|
Audience: Tertiary; University or College
Published: 25th June 1992
Dimensions (cm): 23.546 x 15.443 x 2.337
Weight (kg): 0.535