Varieties of Stabilization Experience

Towards Sensible Macroeconomics in the Third World

This book is a synthesis of recent work on the experiences of developing countries with stabilization programs. Critical of the orthodox "neoclassical" or "monetarist" approach of the IMF and the World Bank, the book advocates a structuralist macroeconomic theory approach, discussing how the IMF/World Bank market-oriented methodology can best be modified to deal with the macroeconomic linkages beyond its control, and how stabilization can be geared toward growth.

Table of contents
  1. 1. Economic Stabilization in the Third World
    Lance Taylor
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  2. 2. Macroeconomic Shocks and the Social Matrix
    Lance Taylor
  3. 3. Stabilization Theory
    Lance Taylor
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  4. 4. Country Experiences
    Lance Taylor
  5. 5. How Stabilization Can Be Made to Work Better
    Lance Taylor
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