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Economic Crisis and Policy Choice : The Politics of Adjustment in Less Developed Countries - Joan M. Nelson

Economic Crisis and Policy Choice

The Politics of Adjustment in Less Developed Countries

By: Joan M. Nelson (Editor)

Paperback Published: 1st March 1990
ISBN: 9780691023106
Number Of Pages: 392

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The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent contributors analyze the politics of adjustment in thirteen countries and nineteen governments, drawing comparisons not only across the full set of cases but also within clusters selected to clarify specific issues. Why do some governments respond promptly to signs of economic trouble, while others muddle indecisively for years? Why do some confine their response to temporary macroeconomic measures, while others adopt broader, even sweeping, programs of reform? What leads some countries to experiment with heterodox approaches, while most, however reluctantly, pursue orthodox courses? Why, confronted with intense political protest, have some governments persisted while others have altered or abandoned course? The answers to these questions are political, not economic, and they are examined here by Thomas M. Callaghy, Stephan Haggard, Miles Kahler, Robert R. Kauman, Joan M. Nelson, and Barbara Stallings.

List of Figures and Tablesp. vii
Contributorsp. ix
Prefacep. xi
Introduction: The Politics of Economic Adjustment in Developing Nationsp. 3
Orthodoxy and Its Alternatives: Explaining Approaches to Stabilization and Adjustmentp. 33
Stabilization and Adjustment in Argentina, Brazil, and Mexicop. 63
Politics and Economic Crisis: A Comparative Study of Chile, Peru, and Colombiap. 113
The Politics of Adjustment in Small Democracies: Costa Rica, the Dominican Republic, and Jamaicap. 169
The Political Economy of the Philippine Debt Crisisp. 215
Lost Between State and Market: The Politics of Economic Adjustment in Ghana, Zambia, and Nigeriap. 257
Conclusionsp. 321
Statistical Appendix: Thirteen Countries, 1979-1988p. 363
Indexp. 371
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780691023106
ISBN-10: 0691023107
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 392
Published: 1st March 1990
Country of Publication: US
Dimensions (cm): 23.55 x 15.57  x 2.46
Weight (kg): 0.54