{"product_id":"the-imf-and-economic-development-paperback-9780521016957","title":"The IMF and Economic Development (Paperback) 9780521016957","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe IMF and Economic Development\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis book argues that governments enter IMF programs for economic and political reasons.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJames Raymond Vreeland (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521016957, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 3 March 2003\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e216 pages, 37 b\/w illus.  24 tables\u003cbr\u003e22.8 x 15.2 x 1.5 cm, 0.29 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'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\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eWhy 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of tables and figures\u003cbr\u003e Acknowledgements\u003cbr\u003e 1. Introduction\u003cbr\u003e 2. Analytically significant cases\u003cbr\u003e 3. An analytical approach to the politics of IMF agreements\u003cbr\u003e 4. Testing the selection story\u003cbr\u003e 5. The effect of IMF programs on economic growth\u003cbr\u003e 6. Distributional consequences of IMF programs\u003cbr\u003e 7. Conclusion\u003cbr\u003e Appendices\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e], Development economics \u0026amp; emerging economies [\u003ca title=\"See our other books on Development economics \u0026amp; emerging economies\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Development%20economics%20\u0026amp;%20emerging%20economies%20%5BKCM%5D%22\"\u003eKCM\u003c\/a\u003e], Political structure \u0026amp; processes [\u003ca title=\"See our other books on Political structure \u0026amp; processes\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20structure%20\u0026amp;%20processes%20%5BJPH%5D%22\"\u003eJPH\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005917483288,"sku":"9780521016957","price":23.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521016957i_23719a25-8b67-409d-9c36-5aa2975622e8.jpg?v=1691376709","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-imf-and-economic-development-paperback-9780521016957","provider":"Freshly Printed Books","version":"1.0","type":"link"}