Varieties of stabilization experience : towards sensible macroeconomics in the Third World
著者
書誌事項
Varieties of stabilization experience : towards sensible macroeconomics in the Third World
(WIDER studies in development economics)
Clarendon Press, 1991, c1988
- : pbk
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注記
A synthesis of papers prepared for the World Institute for Development Economics Research, describing experiences in economic stabilization in eighteen developing countries
Bibliography: p. [171]-176
Includes index
内容説明・目次
内容説明
This study synthesizes the results of 18 recent WIDER studies investigating the experiences developing countries have had with stabilization programmes. The author is critical of the orthodox approach of the Bretton Woods agencies - the International Monetary Fund and the World Bank. By contrast, the WIDER research teams approached the problem of stabilization from structuralist macroeconomic theory. Different economies with different institutional relationships and varying lines of causality in their economic systems require different approaches to stabilization. The author concludes by addressing the question of how the fund/bank market-oriented methodology can be modified to deal with the macroeconomic linkages beyond its control, and how stabilization can be geared towards growth.
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