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About this product
- DescriptionIn this examination of the political ecomy of ecomic policy determination and evolution in developing countries, Anne Krueger provides concrete insights into the interaction of ecomic and political variables that determine the success or failure of such policies an understanding that is essential if ecomists are to provide realistic technical assistance in the formulation of ecomic policy reform programs.The debt crisis of the 1980s accompanied an era of slow ecomic growth. Developing countries had widely divergent experiences. Some, like the East Asian countries, weathered the recession to resume and even accelerate growth and to lower their debt-servicing ratios. Others, like those in Africa and Latin America, fell into slow or even negative growth, were unable to tighten their debt burden, and experienced declines in per capita income.Krueger analyzes the interaction of politics and ecomics in experience with slow growth and debt crisis in terms of three major themes. The first is that politically determined policies have ecomic consequences that can and do change the political equilibrium that generated those policies. Second, the analysis of the political ecomy of ecomic policy determination in developed countries can only be undertaken on the basis of assumptions about the nature of government. These two themes, which have been taken up in current ecomics and political science literature, imply yet a third and less frequently ted proposition that neither ecomic policies or governments can be looked at as enduring phemena. Both the nature of the government and the ecomic policies can be changed according to the political and ecomic responses one sets off in the other, resulting in various types of policy cycles that need to be better understood.Anne 0. Krueger is Arts and Sciences Professor of Ecomics at Duke University.
- Author(s)Anne O. Krueger
- PublisherMIT Press Ltd
- Date of Publication18/11/2002
- SubjectEconomics: Professional & General
- Series TitleOhlin Lectures
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content NoteIll.
- Weight249 g
- Width140 mm
- Height203 mm
- Spine12 mm
- Format DetailsTrade paperback (US)
- Interest AgeFrom 18
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