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Economic Reforms in New Democracies : A Social-Democratic Approach - Luiz Carlos Bresser Pereira

Economic Reforms in New Democracies

A Social-Democratic Approach

Hardcover

Published: 30th April 1993
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This book assesses differing experiences of the transition to democracy in the countries of Southern Europe, Latin America and Eastern Europe. The authors try to determine what the conditions for successful transitions are. They argue against the 'big bang' approach, espoused by many advisors to reforming countries, on the grounds that this approach bypasses the newly formed institutions of democracy and, ultimately, may undermine the necessary consensus to support painful economic reforms. The most successful reforms, they argue, have been those agreed upon through a process of democratic negotiation. A new democracy must offer politically important groups incentives to process their demands within the democratic institutional framework; otherwise, their support will be tenuous and the system may collapse under the strains incurred by painful economic reforms.

"Powerful and poignant, this book invites readers to abandon their old theories and set out on a new path." Kathleen C. Schwartzman, Contemporary Sociology

Introductionp. 1
Notesp. 11
Referencesp. 12
Economic reforms and economic growth: efficiency and politics in Latin Americap. 15
Introductionp. 15
Neo-liberal or pragmatic approach?p. 18
The Washington approachp. 18
The fiscal-crisis, or pragmatic, approachp. 20
The fiscal crisis in Latin Americap. 26
Origins of the fiscal crisisp. 27
"Market-oriented" reformsp. 30
The appropriate reformsp. 33
Country studiesp. 36
Introductionp. 36
Chile and Colombiap. 37
Boliviap. 39
Mexicop. 40
Venezuelap. 42
Perup. 43
Argentinap. 44
Brazilp. 47
Frontal attack versus confidence buildingp. 50
The politics of economic reform in Latin Americap. 53
Populismp. 53
Democracy and reformsp. 55
Efficiency of reformsp. 57
Transitional costs and consensusp. 59
Conclusionp. 62
Notesp. 65
Referencesp. 70
Politics and policy: economic reforms in Southern Europep. 77
Economic development, crisis, and conflict: the background to political transitionsp. 80
The first stage of democracy: the primacy of politicsp. 84
The second stage of democracy: the launching of economic and social reformsp. 92
The effects of reforms: the balance between economic efficiency and social fairnessp. 105
The path of reforms: dilemmas, decisions, and implementationp. 113
Conclusionsp. 122
Notesp. 124
Economic reforms, public opinion, and political institutions: Poland in the Eastern European perspectivep. 132
Introductionp. 132
Background: the choice of strategiesp. 134
What made reforms necessary?p. 134
Goals of reformsp. 141
The reform programp. 143
Why was the particular strategy chosen?p. 147
Economic effects of reformsp. 151
The dynamics of public opinionp. 158
The evolution of public opinionp. 158
Economic dynamics and public opinionp. 159
The feedback from public opinion to reformsp. 166
Economic reforms and democratic institutionsp. 170
Public confidence in institutionsp. 170
Economic dynamics and confidence in institutionsp. 173
Policy style and democratic institutionsp. 175
Conclusionsp. 180
Why is unemployment so important politically?p. 180
Policy style and policy outcomesp. 182
Notesp. 185
Referencesp. 196
Conclusionsp. 199
Notesp. 216
Referencesp. 219
Author indexp. 221
Subject indexp. 224
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780521432597
ISBN-10: 0521432596
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 238
Published: 30th April 1993
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.91 x 15.19  x 1.75
Weight (kg): 0.52