The IMF and Economic Development / Edition 1

The IMF and Economic Development / Edition 1

by James Raymond Vreeland
     
 

Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Raymond Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that governments enter into IMF programs for economic and political reasons, and he finds that the programs hurt economic growth and… See more details below

Overview

Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Raymond Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that governments enter into IMF programs for economic and political reasons, and he finds that the programs hurt economic growth and redistribute income upward. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. For certain constituencies, these policies dampen the effects of bad economic performance by redistributing income. But IMF programs hurt doubly the least well-off in society: They lower growth and exacerbate income inequality.

Product Details

ISBN-13:
9780521016957
Publisher:
Cambridge University Press
Publication date:
03/01/2003
Edition description:
New Edition
Pages:
216
Product dimensions:
5.98(w) x 8.98(h) x 0.51(d)

Table of Contents

List of Tables and Figures
Acknowledgments
1Introduction1
2Analytically Significant Cases20
3An Analytical Approach to the Politics of IMF Agreements53
4Testing the Selection Story83
5The Effect of IMF Programs on Economic Growth107
6Distributional Consequences of IMF Programs134
7Conclusions152
App. 1Variables Used in This Study166
App. 2Country-Years in Samples169
References181
Index193

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