This book addresses the question of how political capacity of the government of a developing country affects its ability to implement structural adjustments in its economy in response to external pressures. It builds on the inductive foundation of comparative case studies and speculative insights.
1. Introduction: The Political Crisis of Economic Adjustment 2. Comparing the Political Strength of Nations 3. Institutional Credibility and the Political Costs of Market Transactions 4. Political Regime and Economic Adjustment: Can the Democracies Do It Better? 5. After Primary Import Substitution: Political Capacity and the Choice of Follow-on Industrialization Strategies 6. Economic Orthodoxy and Political Power 7. Conclusions