Economic policy reform in developing countries : the Kuznets memorial lectures at the Economic Growth Center, Yale University

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Economic policy reform in developing countries : the Kuznets memorial lectures at the Economic Growth Center, Yale University

Anne O. Krueger

(The Kuznets memorial lectures)

Blackwell, 1992

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Includes bibliographical references and index

Description and Table of Contents

Description

Reform of economic policies in developing countries is one of the most frequently attempted, and least understood efforts of the last decade. This issue is systematically addressed by Anne Krueger in her series of Kuznets Memorial Lectures. Professor Krueger begins by considering the reasons why genuine reforms are necessary if countries are to achieve sustained increases in real incomes and living standards. She goes on to analyze the various components of policy which must be reformed - government spending and revenues, trade and exchange rates, controls on private sector activity, labour market regulations and agricultural pricing. Finally, there is an analysis of why reforms, once implemented, succeed or fail, accompanied by a description of several reform efforts and their outcomes. The author has also added an appendix examining the relevance of the lessons from developing for Eastern European countries attempting the transition from communism to market economies.

Table of Contents

  • Part 1 The need for policy reform: the economic policies of a "typical LDC"
  • the effects of these policies on economic growth
  • the record. Part 2 Economic and political issues in formulating reform programmes: reform episodes
  • conditions in which reforms are undertaken
  • policy instruments requiring alteration
  • how much reform should there be and how rapidly should it be undertaken?
  • the role of the international institutions and aid agencies
  • international indebtedness and the availability of resources. Part 3 Experience with reform programmes: successful and unsuccessful reform programmes
  • why do governments adopt policies so inimical to growth?

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