The debt crisis of 1982 caused serious economic disruptions in most
developing countries. Reform, Recovery, and Growth explains why some
of these countries have recovered from the debt crisis, while more than
a decade later others continue to stagnate.
Among the questions addressed are: What are the requirements for a
stabilization policy that reduces inflation in a reasonable amount of
time at an acceptable cost? What are the effects of structural reforms,
especially trade liberalization, deregulation, and privatization, on
growth in the short and long runs? How do macroeconomic instability and
adjustment policies affect income distribution and poverty? How does the
specific design of structural adjustment efforts affect results?
In this companion to Macroeconomics of Populism in Latin America, the
authors confirm that macroeconomic stability has a positive effect on
income distribution. The volume presents case studies that describe in
detail the stabilization experiences in Brazil, Israel, Argentina, and
Bolivia, and also includes discussion of Chile, Mexico, Peru, and
Turkey.