Economic Crisis and Policy Choice: The Politics of Adjustment in the 3rd World,</em> by J.M. Nelson

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Abstract

This is a timely book. Economists, during the last few years, have increasingly recognized the role of political variables in the analysis of stabilization policies, both in developing and developed countries. Indeed there is now a burgeoning theoretical literature on what has been called the new political economy approach to macroeconomic policies. The empirical aspect of this literature unfortunately has not been developed to a similar extent, in part because of the difficulties in the measurement of the variables involved. This book, through its country studies, thus fills an important gap.
Original languageAmerican English
Pages (from-to)828-829
JournalSouthern Economic Journal
Volume58
StatePublished - Jan 1992

Disciplines

  • Economics

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