How does my country grow? economic advice through storytelling Pinto, Brian

By:

Pinto, Brian

Publication details: United Kingdom Oxford University Press 2014Description: xx, 249 pISBN:

9780198714675

Subject(s):

DDC classification:

338.9 P4H6

Summary: Written by a former World Bank economist, How Does My Country Grow? distils growth policy lessons from the author's first-hand experience in Poland, Kenya, India, and Russia, and his contributions to the economic policy debates that followed the emerging market crises of 1997 to 2001, extending up to the global financial crisis of 2008-09. Based on living and working in the field, the author argues that country economic analysis is in effect a separate, integrative branch of economics that draws upon but is distinct from academic economics. The country stories recounted, reinforced by the emerging market experience since the 1980s, point to a canonical growth policy package built around three interconnected elements: the intertemporal budget constraint of the government; the micropolicy trio of hard budgets, competition and competitive real exchange rates; and managing volatility from external, but especially domestic, sources. This package is underpinned by good governance, which finds its most immediate expression in the management of the public finances. While the discussion is tilted towards developing countries, the insights have considerable relevance for advanced economies, many of which today are in the throes of their own growth-cum-sovereign debt crises. (https://global.oup.com/academic/product/how-does-my-country-grow-9780198714675?q=9780198714675&lang=en&cc=in#)

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad General Stacks	Non-fiction	338.9 P4H6 (Browse shelf(Opens below))	Available		192793

Total holds: 0

Table of Contents:

1: Country Economics is Different

Part One: What Do We Tell Policymakers About Growth?

2: Growth Theory from the Prism of Policy
3: In Search of a Growth Policy Package

Part Two: Country Stories

4: Why Poland Beat the Odds
5: Kenya's Achilles' Heel
6: India's Unanticipated Growth Take-off
7: Russia Rewrites the Book

Part Three: Policy Debates and Lessons

8: Emerging market Crises of the Last Decade: A Watershed
9: Self-Insurance and Self-Financed Growth
10: Lessons for Low-Income Countries

Annexes

1: Key Features of Neoclassical Growth
2: Assessing Government Debt Sustainability
3: The Russian and Argentine Debt Swaps
4: Three Generations of Crisis Models
5: The Sovereign Debt Restructuring Mechanism (SDRM)
6: IMF's Flexible Credit Line

Written by a former World Bank economist, How Does My Country Grow? distils growth policy lessons from the author's first-hand experience in Poland, Kenya, India, and Russia, and his contributions to the economic policy debates that followed the emerging market crises of 1997 to 2001, extending up to the global financial crisis of 2008-09.

Based on living and working in the field, the author argues that country economic analysis is in effect a separate, integrative branch of economics that draws upon but is distinct from academic economics. The country stories recounted, reinforced by the emerging market experience since the 1980s, point to a canonical growth policy package built around three interconnected elements: the intertemporal budget constraint of the government; the micropolicy trio of hard budgets, competition and competitive real exchange rates; and managing volatility from external, but especially domestic, sources. This package is underpinned by good governance, which finds its most immediate expression in the management of the public finances. While the discussion is tilted towards developing countries, the insights have considerable relevance for advanced economies, many of which today are in the throes of their own growth-cum-sovereign debt crises.

(https://global.oup.com/academic/product/how-does-my-country-grow-9780198714675?q=9780198714675&lang=en&cc=in#)

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