External Liberalization in Asia, Post-Socialist Europe, and Brazil

External Liberalization in Asia, Post-Socialist Europe, and Brazil

by Lance Taylor
     
 

ISBN-10: 0195189329

ISBN-13: 9780195189322

Pub. Date: 02/02/2006

Publisher: Oxford University Press, USA

This book reviews the experience of 14 countries with external liberalization and related policies, based on papers written by national authors following a common 0000oeconomic methodology. The methodology, the papers' main results, and policy implications are summarized in the introductory chapter.

The book reports on a follow-on project to the country studies

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Overview

This book reviews the experience of 14 countries with external liberalization and related policies, based on papers written by national authors following a common 0000oeconomic methodology. The methodology, the papers' main results, and policy implications are summarized in the introductory chapter.

The book reports on a follow-on project to the country studies presented in Lance Taylor (ed.), External Liberalization, Economic Performance, and Social Policy, OUP, 2001. The new project represents a significant extension of the earlier work in that it focuses principally on formerly socialist European economies (Hungary, Poland, Russia), Asian economies (consistently growing China, India, Singapore, and Vietnam; the 1997-98 crisis victims Indonesia, Korea, Malaysia, and Thailand; and cyclically stagnant Philippines and Turkey). Brazil is also included as an important comparator. Macroeconomics has traditionally been less actively pursued in Asia and the transition economies than, say, in Latin America. The 1997-98 crisis awoke the Asians to the importance of macro, and the present book is in part a response to the development.

A distinguishing feature of the book is the common methodology, which focuses on the mechanisms via which effective demand is generated and the interactions of labor productivity, employment growth, and income distribution. The country papers show clearly how trade and capital account liberalization along with changes in the real exchange rate affected demand, productivity, and employment at the country level. They also trace through shifts in the overall income distribution and the incidence of poverty. The authors of the papers bring a wealth of insight into their thick descriptions à la Clifford Geertz's famous Balinese cockfight about how diverse economies responded to rather similar reform packages and offer lessons about ongoing institutional change. They also suggest policy shifts that may help make economic performance better in the future than it has been in the past.

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Product Details

ISBN-13:
9780195189322
Publisher:
Oxford University Press, USA
Publication date:
02/02/2006
Pages:
528
Product dimensions:
9.90(w) x 7.30(h) x 1.80(d)

Table of Contents

1External liberalization in Asia, post-socialist Europe, and Brazil1
2Belindia goes to Washington : the Brazilian economy after the reforms42
3External liberalization, growth, and distribution in China65
4Opening up the Hungarian economy : conditions and consequences of liberalizing trade and capital flows in Hungary101
5A decade of reforms : the Indian economy in the 1990s139
6Indonesia's external liberalization : policy dynamics and socio-economic impact180
7The long and winding road to liberalization : the South Korean experience207
8External liberalization, economic performance, and distribution in Malaysia232
9External liberalization, growth, and distribution in the Philippines267
10External liberalization, growth, and distribution : the Polish experience311
11The Russian way of adjustment : mechanisms of economic growth in 1999-2001 and patterns of poverty and income distribution346
12External liberalization and economic growth : the case of Singapore368
13The distributive and macroeconomic impact of liberalization in Thailand388
14Turkey, 1980-2000 : financial liberalization, macroeconomic (in)stability, and patterns of distribution417
15Vietnam : external liberalization, structural change, economic growth, and income distribution456

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