BiblioVault - Books about Second Stage

Economic Policy Reform

The Second Stage

Edited by Anne O. Krueger

University of Chicago Press, 2000

In the 1980s, the formerly planned markets of the Soviet Union and Eastern Europe and the developing nations of Latin America and East Asia embarked upon unprecedented efforts to alter their economic regimes. These first-stage reforms involved a major reconceptualization of the principal elements of the economy, private property, and trade. But in the wake of these reforms, the need for second-stage reforms—the implementation of more structural changes—arose; without the development of new regulatory agencies, tax reform initiatives, adjustments to trade policies, and enhancements in education, labor, and telecommunications, the prospects for economic growth engendered during the first-stage reforms might not be realized.

Economic Policy Reform: The Second Stage provides an incisive overview of the context of these crucial second-stage reforms with a thorough examination of the issues confronting the policymakers involved. Edited by Anne O. Krueger, it features studies from distinguished experts in various fields of economics. Each chapter of this book addresses a key issue in economic policy, examines the progress of reforms in the markets considered, and then explores what research might further aid leaders as they embark on fundamental changes.

Both a handbook for economists and practitioners and a theoretical exploration of the most significant challenges currently facing the economic world, this new book will be indispensable to anyone involved in the global economic scene.

Contributors:
Vittorio Corbo
Cimon Cowan
Sebastian Edwards
Stephan Haggard
Michael Kremer
Steven Matusz
Frederic S. Mishkin
Jonathan Morduch
Roger G. Noll
Miguel A. Savastano
T. Paul Shultz
Mary M. Shirley
T.N. Srinivasan
Joseph E. Stiglitz
Vito Tanzi
David Tarr
Aaron Tornell

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Latin American Macroeconomic Reforms

The Second Stage

Edited by José Antonio González, Vittorio Corbo, Anne O. Krueger, and Aaron Tornell

University of Chicago Press, 2003

Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy.

Contributors also work to identify future concerns and erect clear signposts for future reforms. For instance, now that inflation rates have been stabilized, one suggested "second stage" monetary reform would be to focus on reducing rates from high to low single digits. Financial sector reforms, it is suggested, should center on improving regulation and supervision. And, contributors argue, since fiscal stability has already been achieved in most countries, new fiscal reforms need to concentrate on institutionalizing fiscal discipline, improving the efficiency and equity of tax collection, and modifying institutional arrangements to deal with increasingly decentralized federal systems.

The analysis and commentary in this volume-authored not only by academic observers but by key Latin American policymakers with decades of firsthand experience-will prove important to anyone with an interest in the future of Latin American's continuing economic development and reform.

Contributors to this volume:

José Antonio González, Stanford University
Anne O. Krueger, International Monetary Fund
Vittorio Corbo, Pontifical Catholic University, Chile
Klaus Schmidt-Hebbel, Central Bank of Chile
Alejandro Werner, Bank of Mexico
Márcio G. P. Garcia, Pontifical Catholic University, Rio
Tatiana Didier, World Bank
Gustavo H. B. Franco, former president, Central Bank of Brazil
Francisco Gil Díaz, Minister of the Treasury, Mexico
Roberto Zahler, former governor, Central Bank of Chile
Ricardo J. Caballero, Massachusetts Institute of Technology
Philip L. Brock, University of Washington
Stephen Haber, Stanford University
Pablo E. Guidotti, Universidad Torcuato Di Tella, Buenos Aires
Vito Tanzi, International Monetary Fund
Enrique Dávila, Ministry of Finance, Mexico
Santiago Levy, Mexican Social Security Institute
Ricardo Fenochietto, private consultant, Buenos Aires
Rogério L. F. Werneck, Pontifical Catholic University, Rio
Carola Pessino, Universidad Torcuato di Tella, Buenos Aires
Michael Michaely, Hebrew University of Jerusalem

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The Second Stage

With a New Introduction

Betty Friedan

Harvard University Press, 1998

First published in 1981, The Second Stage is eerily prescient and timely, a reminder that much of what is called new thinking in feminism has been eloquently observed and argued before. Warning the women's movement against dissolving into factionalism, male-bashing, and preoccupation with sexual and identity politics rather than bottom-line political and economic inequalities, Friedan argues that once past the initial phases of describing and working against political and economic injustices, the women's movement should focus on working with men to remake private and public arrangements that work against full lives with children for women and men both. Friedan's agenda to preserve families is far more radical than it appears, for she argues that a truly equitable preservation of marriage and family may require a reorganization of many aspects of conventional middle-class life, from the greater use of flex time and job-sharing, to company-sponsored daycare, to new home designs to permit communal housekeeping and cooking arrangements.

Called "utopian" fifteen years ago, when it seemed unbelievable that women had enough power in the workplace to make effective demands, or that men would join them, some of these visions are slowly but steadily coming to pass even now. The problem Friedan identifies is as real now as it was years ago: "how to live the equality we fought for," and continue to fight for, with "the family as new feminist frontier." She writes not only for women's liberation but for human liberation.

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