Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Latin American Development Forum)

Press, Stanford University

ISBN 10: 0821358197 / ISBN 13: 9780821358191

Published by World Bank Publications, 2005

About this Item

Used - Very Good.

Seller Inventory # 1-F-1-1836

Bibliographic Details

• Title: Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Latin American Development Forum)
• Publisher: World Bank Publications
• Publication Date: 2005
• Language: English
• ISBN 10: 0821358197
• ISBN 13: 9780821358191
• Binding: paperback
• Condition: Very Good

About this title

Synopsis

'Beyond Reforms' argues that economic growth in developing countries is intrinsically tied to the dynamics of production structures, to the specific policies and institutions created to support it, and the creation of linkages among domestic firms and sectors. Avoiding macroeconomic instability is also essential. However, macroeconomic stability is not a sufficient condition for growth. The broader institutional context and the adequate provision of education and infrastructure are essential 'framework conditions,' but generally do not play a direct role in bringing about changes in the momentum of economic growth.

From the Inside Flap

This collection presents the difficult challenges of the new economic era as well as a set of alternative economic policies for managing the open Latin American economies of the early twenty-first century. Ideas that were removed from the reform agenda over the past two decades are seen as critical to the improved economic and social performance that liberalization has so far failed to produce. These ideas include a role for counter-cyclical macroeconomic policies, including restrictions on capital mobility; active productive sector and technological development policies; and the need to pay greater attention not only to social policies, but also to the links between economic policies and social outcomes, in order to guarantee a desirable social performance. This collection sheds new light on issues that were largely overlooked during the reform period, and that must be faced squarely to overcome the deficiencies that Latin America has faced during its phase of liberalization and its dismal economic performance since the Asian crisis.