Political Economy of Policy Reform

Overview

Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders ...
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Overview

Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders explore the political conditions conducive to the success of policy reforms. Did economic crisis strengthen the hands of the reformers? Was the rapidity with which reforms were instituted crucial? Did the reformers have a "honeymoon" period in which to transform the economy? The authors answer these and other questions, as well as providing first-hand accounts of the politically charged atmosphere surrounding reform efforts in their countries.
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Product Details

  • ISBN-13: 9780881321951
  • Publisher: Peterson Institute for International Economics
  • Publication date: 1/28/1994
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 601
  • Product dimensions: 6.03 (w) x 9.03 (h) x 1.12 (d)

Table of Contents

Preface
1 Introduction 1
2 In Search of a Manual for Technopols 9
Comments 29
Comments 35
Discussion 44
3 Australasia 49
Australia 51
New Zealand 73
Comments 111
Comments 114
Discussion 118
4 The European Periphery 121
Spain 123
Portugal 141
Poland 153
Turkey 178
Comments 197
Comments 207
Comments 212
Discussion 216
5 Latin America I 223
Chile 225
Mexico 232
Colombia 285
Comments 316
Comments 320
Discussion 324
6 Latin America II 331
Brazil 333
Peru 355
Comment 376
7 Asia 383
Indonesia 385
Comments 417
Comments 423
8 Implications for Economies in Transition 427
Ukraine 429
Russia 432
Bulgaria 439
Discussion 448
9 Panel Discussion 457
Panel Discussion 467
Panel Discussion 472
Panel Discussion 478
Discussion 482
10 Economic Reform: A View from Latin America 491
11 Life in the Economic Emergency Room 501
12 The Political Conditions for Economic Reform 525
Appendix: Conference Participants 597
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