Voting for Reform Democracy, Political Liberalization, and Economic Adjustment

by Haggard, Stephan; Webb, Steven B.

• ISBN13: 9780195209877
• ISBN10: 0195209877
• Format: Paperback
• Copyright: 1994-09-15
• Publisher: World Bank

Summary

Can a developing country balance a stable democracy with a well-functioning market economy? This question is addressed in this book by showing how political reforms influence the efforts of governments to initiate and sustain economic reforms. The case studies used focus on monetary and fiscal controls, and trade and exchange rate mechanisms. In contrast to many analyses, the studies consider these policies not only as functions of their intended economic effects, but also as outcomes of interactions among politicians, bureaucrats, and interest groups. The studies also examine the evolving institutional context in each country. The book explains how conflicts between pluralist politics and growth-promoting policies can be resolved, and it shows why adjustment is not complete until the public has voted for reform.

Table of Contents

Foreword
Preface
Introduction	p. 1
Political Models of Macroeconomic Policy and Fiscal Reforms	p. 37
The Rush to Free Trade in the Developing World: Why So Late? Why Now? Will It Last?	p. 61
Spain: Dual Transition Implemented by Two Parties	p. 89
Turkey: Democratization and Adjustment from Above	p. 128
Poland: The Political Economy of Shock Therapy	p. 185
Chile: Sustaining Adjustment during Democratic Transition	p. 242
Senegal: Stalled Reform in a Dominant Party System	p. 290
Mexico: Radical Reform in a Dominant Party System	p. 360
Thailand: Economic and Political Gradualism	p. 411
Nigeria: Economic and Political Reforms at Cross Purposes	p. 453
Contributors	p. 503
Credits for Cover Photographs	p. 506
Index	p. 507
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