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Center for Economic Policy Analysis External Liberalization ...

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Topic: Economic Policy

Sort Desciption: External Liberalization Economic Performance and Social Policy ... As seen from the year 2000 economic policy in developing and post-socialist economies ...

Content Inside: CEPA Center for Economic Policy Analysis External Liberalization Economic Performance and Social Policy Janine Berg and Lance Taylor (CEPA) CEPA Working Paper Series I Globalization Labor Markets and Social Policy A Project Funded by the John D. and Catherine T. MacArthur Foundation Working Paper No. 12 February 2000 Center for Economic Policy Analysis New School University 80 Fifth Avenue Fifth Floor New York NY 10011-8002 Tel. 212.229.5901 Fax 212.229.5903 www.newschool.edu/cepa 1 14/2/00 External Liberalization Economic Performance and Social Policy by Janine Berg and Lance Taylor As seen from the year 2000 economic policy in developing and post-socialist economies during the preceding 10 to 15 years had one dominating theme. Packages aimed at liberalizing the balance of payments on both current and capital accounts showed up throughout Latin America Eastern Europe Asia and even in parts of Africa. Together with large but highly volatile foreign capital movements (often but not always in connection with privatization of state enterprises) this wave of external deregulation was the central feature of "globalization" for the non-industrialized world. This volume draws together recent historical evidence from nine developing and transition economies - Argentina Colombia Cuba India South Korea (hereafter simply referred to as "Korea") Mexico Russia Turkey and Zimbabwe - to study and assess these changes and their economic and social consequences. A companion book edited by Ganuza Taylor and Vos (2000) covers the experience of the four Latin American countries just mentioned along with ten others. The discussion here concentrates on the sample of nine countries with results from Latin America brought in where they add information. This analytical introduction summarizes the results of the studies from several perspectives. It begins with a review of different ways of analyzing liberalization and globalization that appear in the ...

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