Voting for Reform: Democracy, Political Liberalization and Economic Adjustment

Voting for Reform: Democracy, Political Liberalization and Economic Adjustment

by World Bank Group
     
 

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

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Overview

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.

Editorial Reviews

From the Publisher
"This excellent collection of 11 thought-provoking essays explores the crucial link between political and economic reforms....Strongly recommended as reference and source materials to upper-division undergraduate and graduate students as well as to policy makers."—Choice

"...They offer a wealth of empirical data that should be of interest to anyone engaged in building theory about transitions to democracy and the market economy."—Comparative Politics

Product Details

ISBN-13:
9780195209877
Publisher:
Oxford University Press
Publication date:
09/28/1994
Series:
A World Bank Publication
Edition description:
New Edition
Pages:
536
Product dimensions:
5.80(w) x 8.94(h) x 1.39(d)

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