After the Washington Consensus

Restarting Growth and Reform in Latin America

Pedro-Pablo Kuczynski, John Williamson

• Éditeur: Peterson Institute for International Economics
• Année: 2003
• ISBN:
  9780881324518
• Sujet: Volkswirtschaftslehre
• Sous-sujet: Makroökonomie

This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.

Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.

Table des matières

• Cover
• Contents
• Preface
• Acknowledgments
• Overview: An Agenda for Restarting Growth and Reform
• Ch 1 Setting the Stage
• Ch 2 Reforming the State
• Ch 3 Bootstraps, not Band-Aids: Poverty, Equity, and Social Policy
• Ch 4 A Fiscal Policy Agenda
• Ch 5 The Financial System
• Ch 6 Monetary Policy and Exchange Rates: Guiding Principles for a Sustainable Regime
• Ch 7 Making Trade Liberalization Work
• Ch 8 Education and Training: The Task Ahead
• Ch 9 Labor Markets during the 1990s
• Ch 10 The Politics of Second-GenerationReforms
• Ch 11 Summing Up
• Appendix: Our Agenda and the Washington Consensus
• References
• About the Contributors
• Index