Economic Policy Reform
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 recon-ceptualization 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 0. 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.
Anne 0. Krueger is the Herald
L. and Caroline L. Ritch Professor of Economics, senior fellow of the Hoover Institution,
and director of the Center for Research on Economic Development and Policy Reform at
Stanford University. She is the editor of The WTO as an International Organization and The
Structure and Evolution of Recent U.S. Trade Policy, as well as the author of American
Trade Policy: A Tragedy in the Making.
614 pages