Stability with Growth: Macroeconomics, Liberalization and Development by Joseph StiglitzStability with Growth: Macroeconomics, Liberalization and Development by Joseph Stiglitz

Stability with Growth: Macroeconomics, Liberalization and Development

byJoseph Stiglitz, Jose Antonio Ocampo, Shari Spiegel

Paperback | August 31, 2006

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There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus"neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries. One-size-fits-all policy prescriptions are likely to fail given the vast differences between countries. This book discusses howalternative approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis.
Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997...
Title:Stability with Growth: Macroeconomics, Liberalization and DevelopmentFormat:PaperbackDimensions:352 pages, 9.21 × 6.14 × 0.79 inPublished:August 31, 2006Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199288143

ISBN - 13:9780199288144


Table of Contents

PrefaceOverview1. Introducing the key questions2. ObjectivesMacroeconomics3. Three perspectives on policy4. Is macroeconomics different in developing countries?5. Policy instruments from three perspectives: fiscal and monetary policy6. Open economy complications7. Exchange rate management and micro tools for macro management8. Policy frameworks9. Formal approachesCapital Market Liberalization10. Capital market liberalization: the arguments for and against11. A formal approach: capital market failures12. Interventions in capital markets13. Capital market liberalization: summary and remaining debatesConclusion14. Stabilization, liberalization, and growth