The IMF and Economic Development (Hardback)
  • The IMF and Economic Development (Hardback)
zoom

The IMF and Economic Development (Hardback)

(author)
£47.99
Hardback 216 Pages / Published: 03/03/2003
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. Note that if governments desiring conditions are more likely to participate, estimating program effects is not straightforward: one must control for the potentially unobserved political determinants of selection. This book addresses the selection problem using a dynamic bivariate version of the Heckman model analyzing cross-national time-series data. The main finding is that the negative effects of IMF programs on economic growth are mitigated for certain constituencies since programs also have distributional consequences. But IMF programs doubly hurt the least well off in society: they lower growth and shift the income distribution upward.

Publisher: Cambridge University Press
ISBN: 9780521816755
Number of pages: 216
Weight: 404 g
Dimensions: 238 x 156 x 19 mm


MEDIA REVIEWS
'A must-read for anyone who wants a better understanding of global politics and the impact of the IMF in particular.' New Statesman
'Vreeland's book is worth a look as it pieces together some interesting case studies, weaves an intriguing tale of political motives, and provides a concise and readable discussion of his attempt to measure the impact of IMF programs on economic growth.' Finance & Development
'Vreeland's The IMF and Economic Development contains novel and important findings regarding the impact of IMF programmes upon participant countries ... engaging ...' Cambridge Review of International Affairs
'... this is a valuable contribution to the debate on development policies both in its specific findings and its welcome reminder that the challenges of development are still best viewed through a political economy lens.' Development and Change
'After applying rigorous statistical and analytical methods, Vreeland arrives at some significant, and for the IMF, sobering conclusions ... Vreeland raises new questions that have important policy implications. He lays out new avenues of research and concludes with some suggestions for IMF reform.' Development Policy Review
"The most important book on the effects of programs on the economic growth experiences of developing countries." Perspective on Political Science
"This monograph by political scientist Vreeland should be of great interest to political scientists, international relations specialists, and economists. The book makes important contributions in its content and accessibility.... Highly recommended." Choice

You may also be interested in...

Capitalism: A Very Short Introduction
Added to basket
Crucible of Resistance
Added to basket
Capitalism and Freedom
Added to basket
The Globalization Paradox
Added to basket
Democracy - The God That Failed
Added to basket
House of Debt
Added to basket
£11.50
Paperback
Finance and the Good Society
Added to basket
Winner Take All
Added to basket
£9.99
Paperback
Cyber-Proletariat
Added to basket
The Rift
Added to basket
£9.99
Paperback
For a New West
Added to basket
£18.99
Paperback
Stress Test
Added to basket
£9.99
Paperback
The Oxford Handbook of Innovation
Added to basket
Socialism: A Very Short Introduction
Added to basket
The Wealth of Nations
Added to basket
Varieties of Capitalism
Added to basket

Please sign in to write a review

Your review has been submitted successfully.