Market liberalisation, equity, and development

목차 (Table of Contents)

• CONTENTS
• Preface = ⅴ
• 1. The impact of liberalization on growth and equity / T. Addison ; L. Demery = 1
• 1. Introduction = 1
• 2. Trade theory and liberalization = 2
• The primary income distribution effects of protection versus liberalization = 2
• Effects on the secondary income distribution = 7
• 3. A review of the evidence = 8
• Trade liberalization, industrial structure and employment = 9
• Trade policy and income distribution = 14
• 4. Capital and financial liberalization = 18
• 5. The dynamics of liberalization = 23
• Trade liberalization : The transition path = 24
• 6. Co-ordination with macro-economic policy = 29
• Trade liberalization = 29
• Capital liberalization = 32
• 7. The sequencing and timing of market liberalization = 34
• 8. Conclusions = 35
• 2. Alternative approaches to devaluation / E. Ghani = 39
• 1. Devaluation theory = 39
• 2. Effects of devaluation on income distribution = 46
• Factor mobility = 49
• 3. Devaluation, factor immobility and unemployment = 50
• Sectoral analysis = 52
• Non-market reactions = 54
• 4. The effects of devaluation on output and employment = 55
• Is devaluation itself expansionary or contractive? = 57
• Some models of devaluation = 59
• 5. Some empirical relationships in the analysis of devaluation = 63
• Simulating the macro-economic effects of devaluation = 63
• Simulating the distributional effects of devaluation = 66
• 6. Conclusions = 69
• 3. Interest rate policy, employment and income distribution / A. R. Roe = 71
• 1. Introduction = 71
• 2. General influences on interest rate levels = 73
• 3. Guide-lines for interest rate policy = 74
• 4. Interest rate practice in developing countries = 78
• 5. Money, interest and the growth of an economy = 80
• 6. Interest rates and economic stabilization = 87
• Inflation and reserve requirements = 92
• 7. Financial liberalization and high interest rates = 94
• 8. Conclusions = 101
• 4. Liberalization and the successful integration of developing countries into the world economy / U. Hiemenz ; R. J. Langhammer = 105
• 1. Introduction = 105
• 2. Characteristics of the inward-oriented policy regime = 106
• 3. Evaluation of the evidence on outward orientation = 111
• Export performance = 111
• Employment creation = 118
• Equity = 122
• External shocks = 125
• 4. Aborted liberalization attempts in Latin America = 127
• 5. Essential elements of a policy reform package = 131
• Timing and sequencing of liberalization = 136
• 6. Summary and conclusions = 137
• 5. Summary and conclusions / G. T. Renshaw = 141
• 1. Introduction = 141
• 2. Trade liberalization = 144
• 3. Sources of adjustment costs = 146
• Factor mobility = 146
• Money and real wage rigidity = 148
• 4. Devaluation and trade liberalization = 149
• 5. Devaluation and macro-economic adjustment = 152
• 6. Two jews of the dynamics of adjustment = 155
• 7. Financial liberalization = 159
• 8. Capital liberalization = 163
• 9. Conclusions = 165
• Bibliography = 169