Book Reviews

2011 ◽  
Vol 49 (4) ◽  
pp. 1307-1308

Anders Aslund of Peterson Institute for International Economics reviews “No Precedent, No Plan: Inside Russia's 1998 Default” by Martin Gilman. The EconLit abstract of the reviewed work begins, “Considers whether the Russian government default on its domestic financial obligations in August 1998, and the subsequent economic collapse, were inevitable and examines the legacy of that crisis on subsequent Russian economic policy. Discusses Russia and the International Monetary Fund (IMF); growing IMF involvement; whether Russia seems to be turning a corner; hope disappointed; how a possible crisis becomes probable; how a probable crisis then becomes unavoidable; the surprising postcrisis recovery; the friendly divorce; the legacy of the crisis; and whether history is doomed to repeat itself. Gilman is Professor of Economics at Russia's Higher School of Economics. Index.”

Author(s):  
Stephen C. Nelson

This chapter examines Argentina's relationship with the International Monetary Fund (IMF) during the period 1985–2002. It first considers the new policy team formed by Argentine President Raúl Alfonsín and its plan to solve the country's spiraling inflation problem before discussing the successive failed stabilization programs, including Plan Austral and Plan BB, that culminated in Alfonsín's resignation and the transformation of the Argentine economy under a group of neoliberals in the Peronist government of Carlos Menem. It also analyzes the politics surrounding the series of IMF programs that preceded the economic collapse of 2001–2002, along with the United States's influence on the decision making of the Fund. Finally, it assesses the aftermath of the Argentine crisis.


2014 ◽  
Vol 52 (1) ◽  
pp. 211-213

Peter N. Ireland of Boston College reviews, “Remembering Inflation” by Brigitte Granville. The Econlit abstract of this book begins: “Explores inflation from the perspectives of economic thought and history, focusing on theoretical and applied work by macroeconomists starting in the last third of the twentieth century. Discusses the end of a mirage—more money increases inflation but not employment; origins of inflation—monetary, fiscal, and financial links; ending inflation without prolonged recession—introducing credibility; the coordination of monetary and fiscal policy; who is voting for low inflation and why?; monetary and financial stability—conflict or complementarity; inflation in an open world—does that change the rules?; and adapting to expectations. Granville is Professor of International Economics and Economic Policy at Queen Mary University of London.”


2019 ◽  
Vol 47 (4) ◽  
pp. 97-115
Author(s):  
Tomasz Kozłowski

The article describes the shaping of the Solidarity’s economic policy in 1989 (from the elections in June until the implementation of the assumptions of the so-called Balcerowicz plan). The analysis includes both discussions between economists who support the Solidarity movement (such as Leszek Balcerowicz, Janusz Beksiak and Ryszard Bugaj) and the influence of international financial institutions and foreign creditors of Poland (such as the International Monetary Fund). The article presents the history of adopting neoliberal patterns of transformation, such as a centrally controlled economy and free market.


2006 ◽  
Vol 36 (143) ◽  
pp. 177-183
Author(s):  
Naomi Klein

Fitting to its doctrine of preventiv war, the Bush Administration founded a bureau of reconstruction, designing reconstruction plans for countries which are still not destroyed. Reconstruction after war or after a “natural disaster” developed to a profitable branch of capitalist investment. Also the possibilities to change basic political and economic structures are high and they are widely used by the US-government and institutions like the International Monetary Fund.


2004 ◽  
Vol 54 (3) ◽  
pp. 387-397
Author(s):  
Mihály Laki ◽  
Beáta Huszka

R. J. McIntyre and B. Dallago (eds): Small and Medium Enterprises in Transitional Economies. Palgrave Macmillan in association with the United Nations University / World Institute for Development Economics Research, 2003, 259 pp. (Reviewed by Mihály Laki); S. S. Bhalla: Imagine There's No Country. Poverty, Inequality, and Growth in the Era of Globalisation. Washington, D.C.: Institute for International Economics, 2002, 248 pp. (Reviewed by Beáta Huszka)


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