The positive economics of policy reform

Article Abstract:

Economists, when asked why economic theory is different from the practice of economics, cite political reasons. The events occurring in developing countries show that an understanding of the dynamics of policymaking is essential in developing successful economic policies. Political-economic models are more effective than public-choice models because they reduce the effects of political theory, thereby improving the policymaking process.

Models, Economic policy, Political aspects

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The World Bank in historical perspective

Article Abstract:

The World Bank was established as one of the pillars of the Bretton Woods system for managing postwar international economic order. The public, multilateral institution was recognized as the catalyst for credit programs in developing countries and as a source of concepts for economic and social foundation. The World Bank was primarily concerned with the stabilization of the monetary system following postwar disorder.

Management, World Bank, International financial institutions

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Participatory politics, social cooperation, and economic stability

Article Abstract:

Democracy can help with economic development in societies with ethnic and other divisions, since it can reduce levels of opportunistic behavior that is socially unproductive.

United States, Economics, Research and Development in the Social Sciences and Humanities, Economic aspects, Developing countries, Democracy

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