The Politics of Economic Adjustment [Paperback]

Stephan Haggard (Editor), Robert R. Kaufman (Editor)

Book Description

Publication Date: June 25, 1992

In the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. Building on the case studies in Economic Crisis and Policy Choice, these essays offer comparative analysis of these divergent experiences with macroeconomic stabilization and structural adjustment. Barbara Stallings and Miles Kahler explore the external pressures on governments. Peter Evans and John Waterbury examine the role of the state in the adjustment process, Evans through the lens of earlier historical experience with economic restructuring, Waterbury by focusing on the politics of privatization. Joan Nelson analyzes the politics of income distribution in the adjustment process, and Haggard and Kaufman investigate the political correlates of inflation and stabilization. A final essay assesses the prospects for combining market-oriented reforms with political democratization.

Editorial Reviews

Review

An impressive effort to summarize the political legacy of economic reform, and to clarify the elusive relationship between political transition and economic change. In its comparative breadth and theoretical depth, this volume has few peers in the contemporary literature in comparative political economy. -- American Political Science Review

Product Details

• Paperback: 376 pages
• Publisher: Princeton University Press (June 25, 1992)
• Language: English
• ISBN-10: 0691003947
• ISBN-13: 978-0691003948
• Product Dimensions: 9.3 x 6.1 x 0.9 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #989,837 in Books (See Top 100 in Books)

More About the Author

Stephan Haggard is the Krause Distinguinshed Professor at the Graduate School of International Relations and Pacific Studies, University of California San Diego. His work focuses on international and comparative political economy, with a particular emphasis on Asia. He is the editor of the Journal of East Asian Studies. His recent work with Marcus Noland examines the political economy of North Korea.