Book
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.

This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.

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Author

Lance Taylor

Details

December 1988

Clarendon Press Oxford,

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Table of contents
  1. 1. Economic Stabilization in the Third World
    Lance Taylor
    More Blog | Mapping economic stability for countries in the Global South
  2. 2. Macroeconomic Shocks and the Social Matrix
    Lance Taylor
  3. 3. Stabilization Theory
    Lance Taylor
    More Blog | 35 years of knowledge for change
  4. 4. Country Experiences
    Lance Taylor
  5. 5. How Stabilization Can Be Made to Work Better
    Lance Taylor
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Context

Project

Stabilization and adjustment policies and programmes

Keywords