From economic crisis to reform : IMF programs in Latin America and Eastern Europe / Grigore Pop-Eleches.

Format:

Book

Author/Creator:

Pop-Eleches, Grigore.

Language:

English

Subjects (All):

International Monetary Fund.

Economic assistance--Latin America.

Economic assistance.

Economic assistance--Europe, Eastern.

Latin America--Economic policy.

Latin America.

Europe, Eastern--Economic policy.

Europe, Eastern.

Physical Description:

1 online resource (344 p.)

Edition:

Course Book

Other Title:

IMF programs in Latin America and Eastern Europe

Place of Publication:

Princeton, N.J. : Princeton University Press, c2009.

Language Note:

English

Summary:

The wave of neoliberal economic reforms in the developing world since the 1980's 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 1990's, 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.

Contents:

Frontmatter

Contents

List of Illustrations and Tables

List of Abbreviations

Preface

1. Introduction

2. A Theoretical Approach to IMF Program

3. Changing Crisis "Recipes": The International Drivers of IMF Programs

4. Navigating External Crises: Case Study Evidence

5. Domestic Political Responses to Economic Crises

6. Domestic Crisis Politics: Case Study Evidence

7. The Great Reconciliation?-Latin America and the IMF in the 1990's

8. Theoretical Conclusions and Policy Implications

Bibliography

Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [323]-334) and index.

ISBN:

9786613163691

9781283163699

1283163691

9781400835546

1400835542

OCLC:

742333324