Political Feasibility and Investment in Economic Transformations /

The paper characterizes the feasibility of economic transformation as requiring the simultaneous attainment of macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance; political feasibility is related to the income gains and l...

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Bibliographic Details
Main Author: Isard, Peter
Other Authors: Aizenman, Joshua
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1993.
Series:IMF Working Papers; Working Paper ; No. 1993/057
Online Access:Full text available on IMF