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Reform, Recovery, and Growth

Author : Rudiger Dornbusch
Publisher : University of Chicago Press
Page : 440 pages
File Size : 46,60 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226158470

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The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth 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? 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.

After the Washington Consensus

Author : Pedro-Pablo Kuczynski
Publisher : Columbia University Press
Page : 386 pages
File Size : 29,2 MB
Release : 2003-03-26
Category : Business & Economics
ISBN : 0881324515

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This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.

After the Washington Consensus: Restarting Growth and Reform in Latin America

Author :
Publisher : Peterson Institute
Page : 398 pages
File Size : 23,93 MB
Release :
Category : Latin America
ISBN : 9780881325928

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Examines the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. Diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.

The State of State Reforms in Latin America

Author : Eduardo Lora
Publisher : World Bank Publications
Page : 474 pages
File Size : 29,7 MB
Release : 2006-10-23
Category : Political Science
ISBN : 0821365762

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Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of institutional or 'second generation' reforms. 'The State of State Reform in Latin America' reviews and assesses the outcomes of these less studied institutional reforms. This book examines four major areas of institutional reform: a. political institutions and the state organization; b. fiscal institutions, such as budget, tax and decentralization institutions; c. public institutions in charge of sectoral economic policies (financial, industrial, and infrastructure); and d. social sector institutions (pensions, social protection, and education). In each of these areas, the authors summarize the reform objectives, describe and measure their scope, assess the main outcomes, and identify the obstacles for implementation, especially those of an institutional nature.

Decentralization and Reform in Latin America

Author : Giorgio Brosio
Publisher : Edward Elgar Pub
Page : 454 pages
File Size : 37,33 MB
Release : 2012
Category : Business & Economics
ISBN : 9781781006252

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'This volume provides a splendid and wide-ranging collection of studies analyzing the political-economy of decentralization in Latin-America. It's a fascinating story with numerous and profound insights into how fiscal decentralization actually works in the context of a variety of fiscal institutions and in a setting with a high degree of inequality in the distribution of income and territorial disparities.' - Wallace E. Oates, University of Maryland, US

Reform and Growth in Latin America

Author : Eduardo Fernández Arias
Publisher :
Page : 52 pages
File Size : 24,2 MB
Release : 1997
Category : Economic stabilization
ISBN :

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The paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparison and other relevant standards, analytically exploring and empirically testing a number of hypotheses to explain the perceived dissatisfaction with growth performance. It also estimates the long-run growth payoff of macroeconomic reforms, the additional gains that can be achieved by deepening the first generation of reforms, and the potential payoff from broadening the scope of reform into a second generation of reforms encompassing deeper structural and institutional areas.

The Long March

Author : Shahid Javed Burki
Publisher : World Bank Publications
Page : 136 pages
File Size : 25,63 MB
Release : 1997-01-01
Category : Business & Economics
ISBN : 9780821339855

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"Detailed discussion of reforms necessary to accelerate economic growth and reduce poverty in the region. Reforms include equity market development, civil service reform, in health and education investment, labor market liberalization, and greater trade openness"--Handbook of Latin American Studies, v. 57.

Economic Reforms, Growth and Inequality in Latin America

Author : Gustavo Indart
Publisher : Routledge
Page : 331 pages
File Size : 39,44 MB
Release : 2019-06-04
Category : Business & Economics
ISBN : 1351159356

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Originally published in 2004. Growth, income distribution, and labour markets are issues of pivotal importance in the Latin American context. Examining unique theoretical issues and the empirical evidence, this book provides a critical analysis of the key elements of income distribution determinants, labour market functions, trade policies, and their interrelations. As the advance of globalization becomes seemingly unstoppable, this book provides an important reappraisal of the impact of this new phenomenon, and in particular, the pernicious impact it may have on income growth and distribution. The key objective of the volume is to integrate more fully the analysis of trade and labour market economists, in order to better understand the labour market and income distribution implications of globalization and international integration. Forty years after the early calls to appropriately investigate the micro foundations of macroeconomics, the separation of the two at the policy level is more damaging than ever before - particularly for developing regions; this volume therefore makes an important contribution at the theoretical and policy levels by bringing together macroeconomic and microeconomic analyses.

Social Development in Latin America

Author : Joseph S. Tulchin
Publisher : Lynne Rienner Publishers
Page : 284 pages
File Size : 38,77 MB
Release : 2000
Category : Business & Economics
ISBN : 9781555878436

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This volume provides a wide-ranging analysis of social welfare reform in Latin America, examining in particular the politics involved in implementing difficult and controversial social policies that often pit the middle strata of society, represented by powerful stakeholders, against the poor.

Economic Reform in Latin America

Author : Harry Ivan Costin
Publisher :
Page : 396 pages
File Size : 39,58 MB
Release : 1998
Category : Business & Economics
ISBN :

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A first of its kind to hit the market, this text provides an overview of recent political, economic and business developments in Latin America. Written by leading economists and scholars in the field, it gives a current, comprehensive introduction to the problems and issues involved in Latin America's recent economic reform processes, an understanding essential to international business students, business people eyeing Latin American markets, as well as professionals, scholars, and students interested in the area. The text is appropriate for graduate and undergraduate courses offering a primary or secondary focus on recent developments in Latin America.