The International Monetary Fund And Latin America

Economic Stabilization And Class Conflict

Manuel Pastor

• Publisher: Taylor & Francis
• Year: 2019
• eBook ISBN: 9781000230710
• Edition: 1
• Topic: Politics & International Relations
• Subtopic: Politics
• Index: Politics & International Relations

The debt crisis in Latin America has rekindled debate about the effects of the IMF's stabilization programs in the Third World. Critics contend that these programs have short-run recessionary impacts and damage prospects for long-term growth. In response, Fund economists point to cross-country studies revealing mixed impacts on growth rates coupled with significant success in achieving the IMF's stated goals: current account and balance-of-payments improvements and inflation rate reduction. Dr. Pastor argues that the traditional growth-oriented critique is theoretically misplaced, and he recasts Fund activities in terms of class and income distribution. Applying the methodology of previous Fund studies, he evaluates the effects of IMF programs in eighteen Latin American countries in the pre-crisis period (1965-1981).

Table of contents

• Cover
• Half Title
• Series Page
• About the Book and Author
• Title
• Copyright
• Contents
• List of Tables
• List of Figures
• Acknowledgements
• 1 WHAT IS THE IMF?
• 2 THE IMF AND THE WORLD ECONOMY
• 3 THE EFFECTS OF IMF PROGRAMS: ALTERNATIVE MODELS
• 4 THE EFFECTS OF IMF PROGRAMS: EMPIRICAL EVIDENCE
• 5 A NEW MODEL
• 6 LATIN AMERICA, THE DEBT CRISIS, AND THE IMF
• APPENDIX A. FUND INTERVENTIONS IN LATIN AMERICA, 1965-86
• APPENDIX B. DETAILS OF THE EMPIRICAL STUDY
• BIBLIOGRAPHY
• INDEX