1980s
20th century
academic
adjustment
areas
argentina
brazil
Category=KCM
change
contemporary
cost
debt
developing countries
economics
economy
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exchange
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income
israel
macroeconomic
mexico
modern
money
peru
policy
poverty
reformation
reforming
regional
regions
research
scholarly
structural
structure
trade
turkey
Product details
- ISBN 9780226158457
- Weight: 765g
- Dimensions: 17 x 24mm
- Publication Date: 15 Mar 1995
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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The debt crisis of 1982 caused serious economic disruptions in most developing countries. This book explains why some of these countries have recovered from the debt crisis, while, more than a decade later, others continue to stagnate. Among the questions addressed are: what are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost?; what are the effects of structural reforms, especially trade liberalization, deregulation and privatization, on growth in the short and long runs?; how do macroeconomic instability and adjustment policies affect income distribution and poverty?; and how does the specific design of structural adjustment efforts affect results? In this companion to "Macroeconomics of Populism in Latin America", the authors confirm that macroeconomic stability has a positive effect on income distribution. The volume presents case studies that describe, in detail, the stabilization experiences in Brazil, Israel, Argentina and Bolivia, and also includes discussion of Chile, Mexico, Peru and Turkey.
