Catalogue


Political economy of policy reform in developing countries /
Anne O. Krueger.
imprint
Cambridge, Mass. : MIT Press, c1993.
description
vi, 171 p.
ISBN
0262111780
format(s)
Book
Holdings
More Details
series title
imprint
Cambridge, Mass. : MIT Press, c1993.
isbn
0262111780
catalogue key
3356615
 
Includes bibliographical references and index.
A Look Inside
Full Text Reviews
Appeared in Choice on 1993-12:
Krueger applies the conceptual framework of political economy to the formulation of developmental policies for less-developed nations. Though most developing countries were subjected to a debt crisis in the 1980s and a protracted malaise of slow economic growth in its aftermath, some of these countries went through very divergent experiences. Most East Asian nations came out of the recession, lowered their debt-servicing ratios, and accelerated their rates of economic growth, while others in Africa and Latin America were unable to reduce their debt burden and experienced a slow or even a negative growth. In dealing with the debt crisis and slow growth, Krueger offers three major themes to explain the interaction between economic and political variables: (1) political factors have economic consequences, which in turn can change the political equilibrium; (2) the nature of the government plays a decisive role within a political economy; and (3) neither governments nor economic policies can be considered enduring institutional factors. In her view, the mutual interaction among political and economic variables leads to various types of complex "policy cycles" that must be subjected to systematic analysis. This well-written and carefully documented volume is highly recommended for students and scholars of economic development. Advanced undergraduate through professional. O. Zinam; University of Cincinnati
Reviews
This item was reviewed in:
Choice, December 1993
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Main Description
In this examination of the political economy of economic policy determination and evolution in developing countries, Anne Krueger provides concrete insights into the interaction of economic and political variables that determine the success or failure of such policies an understanding that is essential if economists are to provide realistic technical assistance in the formulation of economic policy reform programs. The debt crisis of the 1980s accompanied an era of slow economic growth. Developing countries had widely divergent experiences. Some, like the East Asian countries, weathered the recession to resume and even accelerate growth and to lower their debt-servicing ratios. Others, like those in Africa and Latin America, fell into slow or even negative growth, were unable to tighten their debt burden, and experienced declines in per capita income. Krueger analyzes the interaction of politics and economics in experience with slow growth and debt crisis in terms of three major themes. The first is that politically determined policies have economic consequences that can and do change the political equilibrium that generated those policies. Second, the analysis of the political economy of economic policy determination in developed countries can only be undertaken on the basis of assumptions about the nature of government. These two themes, which have been taken up in current economics and political science literature, imply yet a third and less frequently noted proposition that neither economic policies or governments can be looked at as enduring phenomena. Both the nature of the government and the economic policies can be changed according to the political and economic responses one sets off in the other, resulting in various types of "policy cycles" that need to be better understood. Anne 0. Krueger is Arts and Sciences Professor of Economics at Duke University.
Main Description
In this examination of the political economy of economic policy determination and evolution in developing countries, Anne Krueger provides concrete insights into the interaction of economic and political variables that determine the success or failure of such policies an understanding that is essential if economists are to provide realistic technical assistance in the formulation of economic policy reform programs. The debt crisis of the 1980s accompanied an era of slow economic growth. Developing countries had widely divergent experiences. Some, like the East Asian countries, weathered the recession to resume and even accelerate growth and to lower their debt-servicing ratios. Others, like those in Africa and Latin America, fell into slow or even negative growth, were unable to tighten their debt burden, and experienced declines in per capita income. Krueger analyzes the interaction of politics and economics in experience with slow growth and debt crisis in terms of three major themes. The first is that politically determined policies have economic consequences that can and do change the political equilibrium that generated those policies. Second, the analysis of the political economy of economic policy determination in developed countries can only be undertaken on the basis of assumptions about the nature of government. These two themes, which have been taken up in current economics and political science literature, imply yet a third and less frequently noted proposition that neither economic policies or governments can be looked at as enduring phenomena. Both the nature of the government and the economic policies can be changed according to the political and economic responses one sets off in the other, resulting in various types of &"policy cycles&" that need to be better understood.
Table of Contents
Preface
Introductionp. 1
Economic Policies in Developing Countriesp. 11
Origins of Economic Policiesp. 37
Models of Governmentp. 53
Political Economy of Trade and Payments Regimesp. 75
Political Economy of Agricultural Pricing Policiesp. 91
Macroeconomic Political - Economic Interactionsp. 107
Conclusionsp. 135
Notesp. 143
Referencesp. 157
Indexp. 165
Table of Contents provided by Blackwell. All Rights Reserved.

This information is provided by a service that aggregates data from review sources and other sources that are often consulted by libraries, and readers. The University does not edit this information and merely includes it as a convenience for users. It does not warrant that reviews are accurate. As with any review users should approach reviews critically and where deemed necessary should consult multiple review sources. Any concerns or questions about particular reviews should be directed to the reviewer and/or publisher.

  link to old catalogue

Report a problem