Voting for Reform : Democracy, Political Liberalization, and Economic Adjustment
Can a developing country balance a stable democracy with a well-functioning market economy? This question is addressed in this book by showing how political reforms influence the efforts of governments to initiate and sustain economic reforms. The case studies used focus on monetary and fiscal controls, and trade and exchange rate mechanisms. In contrast to many analyses, the studies consider these policies not only as functions of their intended economic effects, but also as outcomes of interactions among politicians, bureaucrats, and interest groups. The studies also examine the evolving institutional context in each country. The book explains how conflicts between pluralist politics and growth-promoting policies can be resolved, and it shows why adjustment is not complete until the public has voted for reform.
- Electronic book text | 534 pages
- 01 Dec 1994
- Oxford University Press
- Oxford, United Kingdom
"This excellent collection of 11 thought-provoking essays explores the crucial link between political and economic reforms....Strongly recommended as reference and source materials to upper-division undergraduate and graduate students as well as to policy makers."--Choice."..They offer a wealth of empirical data that should be of interest to anyone engaged in building theory about transitions to democracy and the market economy."--Comparative Politics