From Economic Crisis to Reform

IMF Programs in Latin America and Eastern Europe

Business & Finance, Economics, International Economics, Economic Development, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book From Economic Crisis to Reform by Grigore Pop-Eleches, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Grigore Pop-Eleches ISBN: 9781400835546
Publisher: Princeton University Press Publication: December 8, 2008
Imprint: Princeton University Press Language: English
Author: Grigore Pop-Eleches
ISBN: 9781400835546
Publisher: Princeton University Press
Publication: December 8, 2008
Imprint: Princeton University Press
Language: English

The wave of neoliberal economic reforms in the developing world since the 1980s has been regarded as the result of both severe economic crises and policy pressures from global financial institutions such as the International Monetary Fund (IMF). Using comparative evidence from the initiation and implementation of IMF programs in Latin America and Eastern Europe, From Economic Crisis to Reform shows that economic crises do not necessarily persuade governments to adopt IMF-style economic policies. Instead, ideology, interests, and institutions, at both the international and domestic levels, mediate responses to such crises.

Grigore Pop-Eleches explains that the IMF's response to economic crises reflects the changing priorities of large IMF member countries. He argues that the IMF gives greater attention and favorable treatment to economic crises when they occur in economically or politically important countries. The book also shows how during the neoliberal consensus of the 1990s, economic crises triggered IMF-style reforms from governments across the ideological spectrum and how these reforms were broadly compatible with democratic politics. By contrast, during the Latin American debt crisis, the contentious politics of IMF programs reflected the ideological rivalries of the Cold War. Economic crises triggered ideologically divergent domestic policy responses and democracy was often at odds with economic adjustment. The author demonstrates that an economic crisis triggers neoliberal economic reforms only when the government and the IMF agree about the roots and severity of the crisis.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The wave of neoliberal economic reforms in the developing world since the 1980s has been regarded as the result of both severe economic crises and policy pressures from global financial institutions such as the International Monetary Fund (IMF). Using comparative evidence from the initiation and implementation of IMF programs in Latin America and Eastern Europe, From Economic Crisis to Reform shows that economic crises do not necessarily persuade governments to adopt IMF-style economic policies. Instead, ideology, interests, and institutions, at both the international and domestic levels, mediate responses to such crises.

Grigore Pop-Eleches explains that the IMF's response to economic crises reflects the changing priorities of large IMF member countries. He argues that the IMF gives greater attention and favorable treatment to economic crises when they occur in economically or politically important countries. The book also shows how during the neoliberal consensus of the 1990s, economic crises triggered IMF-style reforms from governments across the ideological spectrum and how these reforms were broadly compatible with democratic politics. By contrast, during the Latin American debt crisis, the contentious politics of IMF programs reflected the ideological rivalries of the Cold War. Economic crises triggered ideologically divergent domestic policy responses and democracy was often at odds with economic adjustment. The author demonstrates that an economic crisis triggers neoliberal economic reforms only when the government and the IMF agree about the roots and severity of the crisis.

More books from Princeton University Press

Cover of the book Kierkegaard's Writings, IX, Volume 9 by Grigore Pop-Eleches
Cover of the book Final Matters by Grigore Pop-Eleches
Cover of the book Ethics in an Age of Terror and Genocide by Grigore Pop-Eleches
Cover of the book Privilege by Grigore Pop-Eleches
Cover of the book High-Frequency Financial Econometrics by Grigore Pop-Eleches
Cover of the book Agrarian Crossings by Grigore Pop-Eleches
Cover of the book Collected Works of C.G. Jung, Volume 12 by Grigore Pop-Eleches
Cover of the book Women in Western Political Thought by Grigore Pop-Eleches
Cover of the book Reclaiming the Game by Grigore Pop-Eleches
Cover of the book Monitoring Democracy by Grigore Pop-Eleches
Cover of the book Mutualistic Networks by Grigore Pop-Eleches
Cover of the book Legal Accents, Legal Borrowing by Grigore Pop-Eleches
Cover of the book A Monetary History of the United States, 1867-1960 by Grigore Pop-Eleches
Cover of the book German Jewry and the Allure of the Sephardic by Grigore Pop-Eleches
Cover of the book John Adams and the Fear of American Oligarchy by Grigore Pop-Eleches
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy