Description
Book SynopsisIn the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. This title examines the role of the state in the adjustment process.
Trade Review"An impressive effort to summarize the political legacy of economic reform, and to clarify the elusive relationship between political transition and economic change. In its comparative breadth and theoretical depth, this volume has few peers in the contemporary literature in comparative political economy."--American Political Science Review
Table of ContentsList of Figures and TablesContributorsPrefaceIntroduction: Institutions and Economic Adjustment3Pt. IInternational ConstraintsCh. 1International Influence on Economic Policy: Debt, Stabilization, and Structural Reform41Ch. 2External Influence, Conditionality, and the Politics of Adjustment89Pt. IIThe State and the Politics of AdjustmentCh. 3The State as Problem and Solution: Predation, Embedded Autonomy, and Structural Change139Ch. 4The Heart of the Matter? Public Enterprise and the Adjustment Process182Pt. IIIDistributive PoliticsCh. 5Poverty, Equity, and the Politics of Adjustment221Ch. 6The Political Economy of Inflation and Stabilization in Middle-Income Countries270Pt. IVConclusionCh. 7Economic Adjustment and the Prospects for Democracy319Index351
