Economic Crisis and Policy Choice
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Agriculture
Arrears
Austerity
Authoritarianism
Balance of trade
Budget
Capital flight
Capitalism
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Central bank
Commercial bank
Costa Rica
Creditor
Cronyism
Debt
Debt crisis
Debt service
Devaluation
Economic liberalization
Economic policy
Economic problem
Economic recovery
Economics
Economist
Economy
Employment
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Exchange rate
External debt
Financial crisis
Fiscal policy
Foreign direct investment
Free trade
Implementation
Import Substitution Industrialization
Industrialisation
Inflation
Institution
Interest rate
International Monetary Fund
Latin America
Layoff
Liberalization
Macroeconomics
Monetary policy
Paris Club
Payment
Percentage
Policy
Political economy
Political science
Politician
Politics
Price controls
Private sector
Privatization
Public sector
Recession
Stabilization policy
State-owned enterprise
Structural adjustment
Structural adjustment loan
Subsidy
Tariff
Tax
Tax reform
Trade credit
Trade union
Unemployment
World Bank
World Bank Group
Zambia
Product details
- ISBN 9780691023106
- Weight: 567g
- Dimensions: 152 x 229mm
- Publication Date: 01 Mar 1990
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent contributors analyze the politics of adjustment in thirteen countries and nineteen governments, drawing comparisons not only across the full set of cases but also within clusters selected to clarify specific issues. Why do some governments respond promptly to signs of economic trouble, while others muddle indecisively for years? Why do some confine their response to temporary macroeconomic measures, while others adopt broader, even sweeping, programs of reform? What leads some countries to experiment with heterodox approaches, while most, however reluctantly, pursue orthodox courses? Why, confronted with intense political protest, have some governments persisted while others have altered or abandoned course? The answers to these questions are political, not economic, and they are examined here by Thomas M.
Callaghy, Stephan Haggard, Miles Kahler, Robert R. Kauman, Joan M. Nelson, and Barbara Stallings.
