The Limits of Stabilization: Infrastructure, Public Deficits and Growth in Latin America PDF
228 Pages·2003·1.368 MB·English
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“This fascinating book highlights a neglected cost of two decades of fiscal austerity in Latin America. The authors’ careful analysis reveals that the decline in public investment in infrastructure may have been expensive not only for growth but for long-term fiscal solvency as well. Deserves to be read by every IMF economist (and many others besides).” —Dani Rodrik,John F. Kennedy School of Government, Harvard University
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