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9780226158457

Reform, Recovery, and Growth

by ;
  • ISBN13:

    9780226158457

  • ISBN10:

    0226158454

  • Format: Hardcover
  • Copyright: 1995-03-15
  • Publisher: Univ of Chicago Pr

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Summary

The debt crisis of 1982 caused serious economic disruptions in most developing countries.Reform, Recovery, and Growthexplains 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 toMacroeconomics 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.

Table of Contents

Preface
Introduction
Trade Policy, Exchange Rates, and Growth
Are Economic Crises Necessary for Trade Liberalization and FiscalReform? The Mexican Experience
Macroeconomic Instability and Social Progress
Continuity, Change, and the Political Economy of Transition in Chile
Inflation and Unemployment as Determinants of Inequality in Brazil: The1980s
Israel's Stabilization: Some Important Policy Lessons
Progress Report on Argentina
Bolivia: From Stabilization to What?
Tax Lore for Budding Reformers
Deregulation as a Source of Growth in Mexico
Partial Adjustment and Growth in the 1980s in Turkey
Stopping Three Big Inflations: Argentina, Brazil, and Peru
Contributors
Author Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

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