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About this product
Product Identifiers
PublisherPalgrave Macmillan
ISBN-100312232691
ISBN-139780312232696
eBay Product ID (ePID)1669307
Product Key Features
Book TitleStabilization and Growth in Latin America : A Critique and Reconstruction from Post-Keynesian and Structuralist Perspectives
Number of Pages272 Pages
LanguageEnglish
TopicEconomic Conditions, International / General, Public Policy / Economic Policy
Publication Year2001
IllustratorYes
GenrePolitical Science, Business & Economics
AuthorLeonardo Vera
FormatHardcover
Dimensions
Item Height1.2 in
Item Weight24.1 Oz
Item Length9.5 in
Item Width6.3 in
Additional Product Features
Intended AudienceTrade
LCCN00-040464
Dewey Edition21
Reviews"...ideal for assignment to graduate students, so that they could see all these classic confrontations presented..."--John Sheahan, Latin American Politics and Society
Dewey Decimal330.9/8/0033
Table Of ContentIntroduction * On the Origin and Extent of Orthodox IMF/World Bank Programs in Latin America * The Analytics of the Orthodox Approaches to Stabilization and Growth * A Critical Appraisal of the IMF/WB Economic Reasoning * Towards an Alternative Approach to Stabilization and Growth * An Economic Policy Perspective * Conclusions
SynopsisLatin American countries initiated since the 1980s a reorientation of economic policies in whose formulation and implementation the International Monetary Fund (IMF) and World Bank (WB) have played a key role. This book shows that the IMF/WB programs have not achieved the expected results and allows the reader to understand the shortcomings and limitations of the orthodox approach. By analyzing the macro-models that inspire policy-based lending, the author argues that the weaknesses arise as a result of a questionable internal logic of the models, mistaken premises and a failure to account for the empirical evidence. The book claims and outlines an alternative Post-Keynesian and Structuralist framework to deal with stabilization and growth issues in Latin America. The basic model is based on important asymmetries among productive sectors and takes into account the existence of oligopolistic markets, money wage rigidities, income distribution and endogenous money. It is implied in this model the need to rethink the direction and overall form of economic policy.
LC Classification NumberHC125.V463 2001
