Suchergebnisse

Guatemala's recent experience in negotiating a fiscal covenant, together with other efforts -some more successful than others- to achieve social covenants on fiscal policy, may serve as a lesson or suggest key elements for a fiscal covenant. This article analyses the Guatemalan experience in the light of the main determining factors of a number of successful or failed fiscal covenants in countries as diverse as Chile, Indonesia, Poland, the Russian Federation, Sweden, the United Kingdom and the United States. In conclusion, the authors identify 10 key components of a successful fiscal covenant, based on Guatemala's experience and that of the other countries mentioned above. (CEPAL Rev/GIGA)

Frontmatter -- Contents -- List of Contributors -- Acknowledgments -- PART I: THEORETICAL AND COMPARATIVE ISSUES -- 1. Economic Reform and Democratization in Latin America -- 2. The Missing Social Contract: Governability and Reform in Latin America -- 3. The Prospects for Open Regionalism in Latin America -- PART II: COUNTRY CASE STUDIES: POLITICAL PARTIES AND SOCIAL FORCES -- 4. Economic Reform in Argentina: Which Social Forces for What Aims? -- 5. Brazil's Drifting Economy: Stagnation and Inflation During 1987-1996 -- 6. Macroeconomic Adjustment in Chile and the Politics of the Popular Sectors -- 7. Trade Unions and the Corporatist System in Mexico -- 8. Interest Representation and the Party System in Mexico -- PART III: HYBRID REGIMES AND NEOPLURALIST POLITICS -- 9. Is the Century of Corporatism Over? Neoliberalism and the Rise of Neopluralism -- 10. New Democracies and Economic Crisis in Latin America -- 11. Conclusions: What Kind of Democracy? What Kind of Market? -- References -- Index