Varieties of Stabilization Experience: Towards Sensible Macroeconomics in the Third WorldThis book is a synthesis of recent work on the experiences of developing countries with stabilization programs. Critical of the orthodox "neoclassical" or "monetarist" approach of the IMF and the World Bank, the book advocates a structuralist macroeconomic theory approach, discussing how the IMF/World Bank market-oriented methodology can best be modified to deal with the macroeconomic linkages beyond its control, and how stabilization can be geared toward growth. |
From inside the book
Try this search over all volumes: net profit margin
Results 1-0 of 0
Contents
Economic Stabilization in the Third World | 1 |
Macroeconomic Shocks and the Social Matrix | 7 |
Stabilization Theory | 25 |
Copyright | |
4 other sections not shown
Other editions - View all
Common terms and phrases
aggregate demand agricultural and/or Argentina assets austerity balance of payments billion Brazil Bretton Woods capital flight capital formation capital inflows cent of GDP central bank changes Colombia commodity contractionary controls cost country studies current account debt demand injection depreciation devaluation developing countries discussed dollars domestic effects equation example exchange rate expansionary export external factors favourable financial programming fiscal deficit flex-price foreign exchange Fund Ghana Helsinki heterodox shock income distribution incomes policies indexation industrial inflation rate inflation tax inflationary interest rates intermediate imports internal Ivory Coast liberalization linkages macro macroeconomic maxi-devaluation Mexico monetarist monetary money supply neoclassical Nicaragua non-traded orthodox stabilization output overall package Philippines political price increases price level problems production programmes public investment quotas real wage recent redistribution reduced Section shifts social South Korea Sri Lanka stagnationist stimulate structuralist subsidies Tanzania terms of trade theory tion WIDER country WIDER studies