The Political Economy Of Reform Failure

by Lundahl; Mats

• ISBN13: 9780415362443
• ISBN10: 041536244X
• Format: Hardcover
• Copyright: 2005-08-24
• Publisher: Routledge

Summary

Economists have moved in recent years beyond analyzing the manner in which the macroeconomics of different countries function and prescribing appropriate policies for dealing with domestic and external imbalances. Increasingly, they have sought to understand the complex interaction between political and economic phenomena. The Political Economy of Reform Failureconsiders issues of economic reform in a broad range of settings: developed, transition and developing countries. Using country specific cases this book focuses on those territories which have encountered problems reforming, allowing the reader to gain an accurate understanding of the factors that inhabit the success of economic reform, the different context in which economic reform is attempted and the different challenges that individual countries face.The Political Economy of Reform Failureuses case studies which are often difficult to find such as Uzbekistan, Burma or Haiti. An international team of contributorsincluding Bo Sodersten, Deepak Lal and Ron Findlay have been brought together to analyze these issues.

Table of Contents

Notes on contributors	xii
Acknowledgements	xv
1 Introduction	1	(22)
MATS LUNDAHL AND MICHAEL L. WYZAN
PART I Developed countries	23	(92)
2 Stable growth with slow and expensive adjustments: an essay on the old OECD countries using Denmark as an example	25	(24)
MARTIN PALDAM
3 Reform failure and poor economic performance: the case of Sweden	49	(21)
BO SÖDERSTEN
4 The role of European integration in the reform process: the Greek experience	70	(19)
SARANTIS E.G. LOLOS
5 The political economy of reform failure and macroeconomic mis-management: Turkey, 1980-2002	89	(26)
A. ERINC YELDAN AND SABIT KHAKIMZHANOV
PART II Transition countries	115	(124)
6 On the political economy of transformation: reasons for success, causes of failure	117	(29)
JOZEF M. VAN BRABANT
7 A chequered history: political culture and conflict in Albanian economic reform	146	(24)
MARTA MUCO AND ÖRJAN SJÖBERG
8 Bulgaria: macroeconomic and political-economic implications of stabilisation under a currency board arrangement	170	(27)
GEORGY Y. GANEV AND MICHAEL L. WYZAN
9 The political-economy trap and economic reform in Russia	197	(22)
BARRY W. ICKES
10 Uzbekistan: economic reform and economic performance, 1991-9	219	(20)
RICHARD POMFRET
PART III Developing countries	239	(97)
11 Political economy of economic policy making in developing countries: an overview	241	(16)
DEEPAK LAL
12 Burma: the pathology of economic decline and political repression	257	(15)
RONALD FINDLAY
13 Haiti: nothing but crisis	272	(30)
MATS LUNDAHL AND RUBÉN SILIÉ
14 From restoring external solvency to managing the social deficit: Nicaraguan debt revisited	302	(14)
JAIME BEHAR
15 The political economy of policy failure in Zambia	316	(20)
ARNE BIGSTEN AND STEVE KAYIZZI-MUGERWA
Index	336