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Fiscal and Monetary Policies in Developing Countries - State, Citizenship and Transformation (Hardcover)
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Fiscal and Monetary Policies in Developing Countries - State, Citizenship and Transformation (Hardcover)
Series: Routledge Studies in Development Economics
Expected to ship within 12 - 17 working days
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The COVID-19 crisis has fractured the pre-existing structural
rigidities and institutional fragilities in the economies of
developing countries more than ever, necessitating a rethinking of
fiscal and monetary policies, the main vehicles for relief,
recovery and reconstruction. This book examines the barriers to
transformation in developing countries in the wake of the pandemic
and analyses the paths to recovery based on an economic
policymaking agenda. It juxtaposes fiscal and monetary policies and
state-building from pre- and post-colonial periods to the
present-day context. It employs an interdisciplinary approach and
ventures beyond the well-rehearsed tendency to explain the state of
developing countries by considering the experiences of advanced
economies. The book utilises data on three levels: the aggregate
level using world data, the single-country context with case
studies and a cross-country assessment for comparative analysis.
Further, the book critically assesses the relevance of different
schools of thought and provides nuanced, thought-provoking
theoretical apparatuses applicable to developing countries, as well
as allowing the reader to undertake a country-specific analysis
through the detailed historical country case studies undertaken in
each chapter. Each chapter has a detailed and separate theoretical
and empirical section for the ease of understanding of the key
propositions in the book. The book will find an audience among
scholars and researchers alike, who wish to gain a deeper
understanding of the formulation of fiscal and monetary policies,
specifically in developing countries. For policymakers and policy
advocates, the book will serve as the groundwork for monetary and
fiscal policies in the context of developing countries, providing
more relevant instruments for transformational pathways.
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