Stabilization and Reforms in Latin America

Stabilization and Reforms in Latin America PDF

Author: Hermann Sautter

Publisher:

Published: 1996

Total Pages: 268

ISBN-13:

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Comprises eight papers which examine Latin America's economic reform process during the 1980s and 1990s, and considers future steps in this reform. Includes: rethinking Latin American economic policy; good governance after stabilization; capital inflows, real exchange rate and the Mexican crisis of 1994; liquidity management in Argentina; regional free trade agreements in Chile; and the social dimension of reform.

Post-Stabilization Politics in Latin America

Post-Stabilization Politics in Latin America PDF

Author: Carol Wise

Publisher: Rowman & Littlefield

Published: 2003-07-28

Total Pages: 324

ISBN-13: 9780815796046

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Over the last twenty years Latin America has seen a definitive movement toward civilian rule. Significant trade, fiscal, and monetary reforms have accompanied this shift, exposing previously state-led economies to the forces of the market. Despite persistent economic and political hardships, the combination of civilian regimes and market-based strategies has proved to be remarkably resilient and still dominates the region. This book focuses on the effects of market reforms on domestic politics in Latin America. While considering civilian rule as a constant, the book examines and compares domestic political responses in six countries that embraced similar packages of reforms in the 1980s—Argentina, Brazil, Chile, Mexico, Peru, and Venezuela. The contributors focus on how ambitious measures such as liberalization, privatization, and deregulation yielded mixed results in these countries and in doing so they identify three main patterns of political economic adjustment. In Argentina and Chile, the implementation of market reforms has gone hand in hand with increasingly competitive politics. In Brazil and Mexico, market reforms helped to catalyze transitions from entrenched authoritarian rule. Finally, in Peru and Venezuela, traditional political systems have collapsed and civilian rule has been repeatedly challenged. The contributors include Carol Wise (University of Southern California), Karen L. Remmer (Duke University), Carol Graham (Brookings Institution), Stefano Pettinato (United Nations Development Programme), Consuelo Cruz (Tufts University), Juan E. Corradi (New York University), Delia M. Boylan (Chicago Public Radio), Riordan Roett (Johns Hopkins University), Martín Tanaka (Institute for Peruvian Studies, Lima), and Kenneth M. Roberts (University of New Mexico).

After the Washington Consensus

After the Washington Consensus PDF

Author: Pedro-Pablo Kuczynski

Publisher: Columbia University Press

Published: 2003-03-26

Total Pages: 400

ISBN-13: 0881324515

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This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.

Economic Policy and Stabilization in Latin America

Economic Policy and Stabilization in Latin America PDF

Author: Nader Nazmi

Publisher: Routledge

Published: 2016-09-16

Total Pages: 217

ISBN-13: 1315286238

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A detailed analysis of economic policy in Latin America with particular attention devoted to the problem of controlling inflation and stabilization. Contents include an analysis of economic policies of the 1990s; country case studies of Brazil, Chile, Mexico, Argentina, and Bolivia; a thorough review of competing paradigms; a comparison of monitarist and structuralist approaches to the problem; mathematical and statistical modeling.

Economic Reform and Stabilization in Latin America

Economic Reform and Stabilization in Latin America PDF

Author: Michael Connolly

Publisher: Praeger

Published: 1987

Total Pages: 0

ISBN-13: 027592307X

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Great economic change is now occuring and will continue to occur in Latin America. This study analyzes the economic problems of the Latin American nations and sketches possible solutions to them. The focus is on positive economic analysis rather than normative political analysis. The contributors to this volume first analyze common economic and monetary problems of the Latin American nations and then suggest possible frameworks for solutions. Problems discussed include: floating exchange rates, peso speculation, real exchange rates, exchange rate reform, optimal tariff policies, economic liberalization in LDCs, financial markets and income distribution, external shocks, the Latin American debt problem, and microfoundations of financial liberalization.

Stabilization and Reform in Latin America

Stabilization and Reform in Latin America PDF

Author: Anoop Singh

Publisher: IMF

Published: 2005

Total Pages: 116

ISBN-13: 9781589062504

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This study examines external and domestic influences on Latin America's economic performance over the past decade and a half. It notes that over the past few years, macroeconomic policies have strengthened and structural reforms have been implemented. Together with a favorable external environment, these policies have contributed to Latin America's relatively sharp economic recovery from its last recession. The study discusses the priorities for the region's reform agenda that could help to ensure that this growing prosperity becomes entrenched. It also makes observations on the future roles of the major policymakers involved--the governments in the region; the international financial institutions, and especially the IMF; and industrial country governments."

The Role of Fiscal Policy in Sustainable Stabilization

The Role of Fiscal Policy in Sustainable Stabilization PDF

Author: Mr.Gerd Schwartz

Publisher: International Monetary Fund

Published: 1997-08-01

Total Pages: 34

ISBN-13: 1451950780

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This paper reviews the role of fiscal policy in a number of stabilization programs in Latin America since the early 1980s. The paper highlights the importance of sustainable fiscal adjustment in stabilization efforts, and discusses the main issues that arise in this context. By reviewing the Latin American experience, it is argued that responsibility for failed stabilization attempts can be traced to four main factors: inconsistent policy mixes; excessive reliance on temporary factors of improvement in the fiscal accounts; failure to implement fundamental fiscal reforms; and lack of complementary structural reforms.

The International Monetary Fund And Latin America

The International Monetary Fund And Latin America PDF

Author: Manuel Pastor

Publisher: Routledge

Published: 2019-09-06

Total Pages: 228

ISBN-13: 1000230716

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The debt crisis in Latin America has rekindled debate about the effects of the IMF's stabilization programs in the Third World. Critics contend that these programs have short-run recessionary impacts and damage prospects for long-term growth. In response, Fund economists point to cross-country studies revealing mixed impacts on growth rates coupled with significant success in achieving the IMF's stated goals: current account and balance-of-payments improvements and inflation rate reduction. Dr. Pastor argues that the traditional growth-oriented critique is theoretically misplaced, and he recasts Fund activities in terms of class and income distribution. Applying the methodology of previous Fund studies, he evaluates the effects of IMF programs in eighteen Latin American countries in the pre-crisis period (1965-1981).

Structural Reforms, Productivity and Technological Change in Latin America

Structural Reforms, Productivity and Technological Change in Latin America PDF

Author: Jorge M. Katz

Publisher: United Nations Publications

Published: 2001

Total Pages: 164

ISBN-13:

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In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.