Varieties of Stabilization Experience (Wider Studies in Development Economics) - Softcover

Taylor, Lance

Softcover

ISBN 10: 0198287313 ISBN 13: 9780198287315

Publisher: Clarendon Press, 1991

Synopsis

This study synthesizes the results of 18 recent WIDER studies investigating the experiences developing countries have had with stabilization programmes. The author is critical of the orthodox approach of the Bretton Woods agencies - the International Monetary Fund and the World Bank. By contrast, the WIDER research teams approached the problem of stabilization from structuralist macroeconomic theory. Different economies with different institutional relationships and varying lines of causality in their economic systems require different approaches to stabilization. The author concludes by addressing the question of how the fund/bank market-oriented methodology can be modified to deal with the macroeconomic linkages beyond its control, and how stabilization can be geared towards growth.

Edition details

• Publisher: Clarendon Press
• Publication date: 1991
• Language: English
• ISBN 10: 0198287313
• ISBN 13: 9780198287315
• Binding: Paperback
• Number of pages: 189