Economic Reforms in New Democracies: A Social-Democratic Approach / Edition 1

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This assessment of the exeriences of political transition in Southern Europe, Latin America and Eastern Europe implies that the most sucessful reforms have been those resolved through democratic negotiation as opposed to the big bang approach.
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Editorial Reviews

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

  • ISBN-13: 9780521438452
  • Publisher: Cambridge University Press
  • Publication date: 4/28/1993
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 237
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.55 (d)

Table of Contents

Introduction 1
Notes 11
References 12
1 Economic reforms and economic growth: efficiency and politics in Latin America 15
Neo-liberal or pragmatic approach? 18
The Washington approach 18
The fiscal-crisis, or pragmatic, approach 20
The fiscal crisis in Latin America 26
Origins of the fiscal crisis 27
"Market-oriented" reforms 30
The appropriate reforms 33
Country studies 36
Chile and Colombia 37
Bolivia 39
Mexico 40
Venezuela 42
Peru 43
Argentina 44
Brazil 47
Frontal attack versus confidence building 50
The politics of economic reform in Latin America 53
Populism 53
Democracy and reforms 55
Efficiency of reforms 57
Transitional costs and consensus 59
2 Politics and policy: economic reforms in Southern Europe 77
Economic development, crisis, and conflict: the background to political transitions 80
The first stage of democracy: the primacy of politics 84
The second stage of democracy: the launching of economic and social reforms 92
The effects of reforms: the balance between economic efficiency and social fairness 105
The path of reforms: dilemmas, decisions, and implementation 113
3 Economic reforms, public opinion, and political institutions: Poland in the Eastern European perspective 132
Background: the choice of strategies 134
What made reforms necessary? 134
Goals of reforms 141
The reform program 143
Why was the particular strategy chosen? 147
Economic effects of reforms 151
The dynamics of public opinion 158
The evolution of public opinion 158
Economic dynamics and public opinion 159
The feedback from public opinion to reforms 166
Economic reforms and democratic institutions 170
Public confidence in institutions 170
Economic dynamics and confidence in institutions 173
Policy style and democratic institutions 175
Conclusions 180
Why is unemployment so important politically? 180
Policy style and policy outcomes 182
Conclusions 199
Author index 221
Subject index 224
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