Title The International Monetary Fund And Latin America : Economic Stabilization And Class Conflict

Edition First edition Published [Place of publication not identified] : Routledge, 2019

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Description 1 online resource (228 pages) Series Series in political economy and economic development in Latin America Series in political economy and economic development in Latin America. Contents l I WHAT IS THE IMF? 2 I THE IMF AND THE WORLD ECONOMY, 3 I THE EFFECTS OF IMF 'PROGRAMS: ALTERNATIVE MODELS 4 I THE EFFECTS OF IMF PROGRAMS: EMPIRICAL EVIDENCE Summary The debt crisis in Latin America has rekindled debate about the effects of the IMF's stabilization programs in the Third World. Critics contend that these programs have short-run recessionary impacts and damage prospects for long-term growth. In response, Fund economists point to cross-country studies revealing mixed impacts on growth rates coupled with significant success in achieving the IMF's stated goals: current account and balance-of-payments improvements and inflation rate reduction. Dr. Pastor argues that the traditional growth-oriented critique is theoretically misplaced, and he recasts Fund activities in terms of class and income distribution. Applying the methodology of previous Fund studies, he evaluates the effects of IMF programs in eighteen Latin American countries in the pre-crisis period (1965-1981) Bibliography Includes bibliographical references and index Notes Manuel Pastor is professor of Latin American and Latino studies at the University of California-Santa Cruz. An economics Ph. D. from the University of Massachusetts, Amherst, his research on Latin American issues has focused on such issues as distribution and stabilization, the political economy of trade reform, and the dynamics of transition in Cuba, and has been published in journals such as International Organization, World Development, Journal of Development Economics, Journal of Latin American Studies, and Latin American Research Review Vendor-supplied metadata Subject International Monetary Fund -- Argentina SUBJECT International Monetary Fund fast Subject Financial crises -- Argentina -- History Debts, External -- Argentina POLITICAL SCIENCE -- General. Debts, External Economic policy Financial crises International economic relations SUBJECT Argentina -- Foreign economic relations Argentina -- Economic policy Subject Argentina Genre/Form History Form Electronic book ISBN 9780429311949 042931194X 9781000266658 1000266656 9781000230710 1000230716 9781000302592 1000302598

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