Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Latin American Development Forum) - Softcover

Softcover

ISBN 10: 0821358197 ISBN 13: 9780821358191

Publisher: World Bank Publications, 2005

Synopsis

This title argues that economic growth in developing countries is intrinsically tied to the dynamics of production structures and to the specific policies and institutions created to support it, especially those that facilitate the diffusion of innovations generated in the industrialized world (including, in particular, the development of new branches of production), and the creation of linkages among domestic firms and sectors. Avoiding macroeconomic instability is also essential, however, macroeconomic stability is not a sufficient condition for growth. The broader institutional context and the adequate provision of education and infrastructure are essential - framework conditions - but generally do not play a direct role in bringing about changes in the momentum of economic growth. This title makes extensive use of concepts elaborated by the old and the new development and growth literature. It is divided into four sections. Section 1 takes a look at some methodological issues and growth regularities. The second section focuses on the dynamics of production structures. The third provides a very simple model of the linkages between productive and macroeconomic dynamics. The last draws policy implications.

About this title

Review

" "Beyond Reforms" constitutes an important and timely step towards a new post-Washington Consensus paradigm for economic and social policy in Latin America. It brings to bear the thinking of an impressive group of authors on the current policy context of the region, in the form of insightful treatments of macrodynamics, external debt, fiscal policy, technological gaps, de-industrialization, and poverty, together with attention to the interaction among these variables and policy dimensions. It is thought-provoking, sometimes surprising, and always educational." -- Albert Berry, Research Director, Programme on Latin America and the Caribbean, Centre for International Studies, University of Toronto

""Beyond Reforms" constitutes an important and timely step towards a new post-Washington Consensus paradigm for economic and social policy in Latin America. It brings to bear the thinking of an impressive group of authors on the current policy context of the region, in the form of insightful treatments of macrodynamics, external debt, fiscal policy, technological gaps, de-industrialization, and poverty, together with attention to the interaction among these variables and policy dimensions. It is thought-provoking, sometimes surprising, and always educational." Albert Berry, Research Director, Programme on Latin America and the Caribbean, Centre for International Studies, University of Toronto"

""Beyond Reforms" offers a wide-ranging, ambitious introduction to this revival [of traditional structuralist theorizing], which goes back to older ideas about structural heterogeneity, profound social inequity, and other stubborn hindrances to socioeconomic progress, both at the domestic and the global level.""Latin American Research Review""

"Beyond Reforms offers a wide-ranging, ambitious introduction to this revival [of traditional structuralist theorizing], which goes back to older ideas about structural heterogeneity, profound social inequity, and other stubborn hindrances to socioeconomic progress, both at the domestic and the global level."--Latin American Research Review

-Beyond Reforms offers a wide-ranging, ambitious introduction to this revival [of traditional structuralist theorizing], which goes back to older ideas about structural heterogeneity, profound social inequity, and other stubborn hindrances to socioeconomic progress, both at the domestic and the global level.---Latin American Research Review

About the Author

Jose Antonio Ocampo is Under-Secretary-General of the United Nations for Economic and Social Affairs, and former Executive Secretary of ECLAC.

Edition details

• Publisher: World Bank Publications
• Publication date: 2005
• Language: English
• ISBN 10: 0821358197
• ISBN 13: 9780821358191
• Binding: Paperback
• Number of pages: 264
• Editor: Ocampo Jose Antonio