The Politics of Economic Adjustment: International Constraints, Distributive Conflicts, and the State

Front Cover
Stephan Haggard, Robert R. Kaufman
Princeton University Press, 1992 - 356 pages

In the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. Building on the case studies in Economic Crisis and Policy Choice, these essays offer comparative analysis of these divergent experiences with macroeconomic stabilization and structural adjustment. Barbara Stallings and Miles Kahler explore the external pressures on governments. Peter Evans and John Waterbury examine the role of the state in the adjustment process, Evans through the lens of earlier historical experience with economic restructuring, Waterbury by focusing on the politics of privatization. Joan Nelson analyzes the politics of income distribution in the adjustment process, and Haggard and Kaufman investigate the political correlates of inflation and stabilization. A final essay assesses the prospects for combining market-oriented reforms with political democratization.

From inside the book

Contents

International Influence on Economic Policy Debt Stabilization and Structural Reform
41
External Influence Conditionality and the Politics of Adjustment
89
The State and the Politics of Adjustment
137
The State as Problem and Solution Predation Embedded Autonomy and Structural Change
139
The Heart of the Matter? Public Enterprise and the Adjustment Process
182
Distributive Politics
219
Poverty Equity and the Politics of Adjustment
221
The Political Economy of Inflation and Stabilization in MiddleIncome Countries
270
Conclusion
317
Economic Adjustment and the Prospects for Democracy
319
Index
351
Copyright

Other editions - View all

Common terms and phrases

Bibliographic information