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Economic Freedom and Welfare Before and After the Crisis.

Author: Petar Stankov
Publisher: Cham : Springer International Publishing, 2017.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book offers an extensive review of market-oriented economic reforms since 1970, and considers the question of whether more liberal economic policy yields greater social welfare. The author demonstrates that, despite the widespread uniformity of economic policy across countries over the past 45 years, welfare differences persist. Stankov posits that the crisis has stalled the momentum of economic freedom reforms  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Stankov, Petar.
Economic Freedom and Welfare Before and After the Crisis.
Cham : Springer International Publishing, ©2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Petar Stankov
ISBN: 9783319624976 3319624970
OCLC Number: 1006422454
Description: 1 online resource (179 pages)
Contents: ""Acknowledgements""; ""Contents""; ""List of Figures""; ""List of Tables""; ""1 Introduction""; ""References""; ""2 Contemporary Views on Welfare and Reforms""; ""2.1 The Concept of Welfare in the Twenty-First Century""; ""2.2 Theories and Evidence on How Reforms Affect Welfare""; ""References""; ""3 Policies and Reforms""; ""3.1 Economic Policies Since 1970""; ""3.1.1 Government Intervention""; ""3.1.2 Property Rights""; ""3.1.3 Monetary Policies""; ""3.1.4 Free Trade""; ""3.1.5 Government Regulation""; ""3.2 Reform Patterns""; ""3.2.1 Reforms in the Size of Government"" ""3.2.2 Property Rights Reforms""""3.2.3 Monetary Reforms""; ""3.2.4 Free Trade Reforms""; ""3.2.5 Regulatory Reforms""; ""Note""; ""References""; ""4 Policy Convergence Vs. Welfare Convergence""; ""4.1 Policy Convergence""; ""4.1.1 Policy Convergence: Definitions and Importance""; ""4.1.2 Graphical Evidence of Policy Convergence""; ""4.1.3 The Speed of Policy Convergence""; ""4.2 Welfare Convergence: Graphical Evidence""; ""4.3 Is Welfare Convergence Significant?""; ""References""; ""5 Welfare and Reforms: Evidence""; ""5.1 Welfare and Reforms: Graphical Evidence"" ""5.1.1 Government Intervention and Welfare""""5.1.2 Property Rights and Welfare""; ""5.1.3 Monetary Reforms and Welfare""; ""5.1.4 Trade Reforms and Welfare""; ""5.1.5 Deregulation and Welfare""; ""5.2 Empirical Strategy and Data""; ""5.3 Results""; ""References""; ""6 Crises, Welfare, and Populism""; ""6.1 Defining Populism""; ""6.2 The Political Economy of Populism""; ""6.3 Measuring Populism""; ""6.4 Model""; ""6.5 Results""; ""6.6 Freedom, Populism, and Welfare: Case Studies""; ""6.6.1 The Eurozone""; ""6.6.2 Latin America""; ""6.6.3 Land-Locked Countries: Latin America and Africa"" ""6.6.4 Large Open Economies: China and Japan""""References""; ""7 Conclusion""; ""References""

Abstract:

This book offers an extensive review of market-oriented economic reforms since 1970, and considers the question of whether more liberal economic policy yields greater social welfare. The author demonstrates that, despite the widespread uniformity of economic policy across countries over the past 45 years, welfare differences persist. Stankov posits that the crisis has stalled the momentum of economic freedom reforms across the globe and policy agendas have gradually shifted from pro-market to pro-redistribution. The book argues that this shift is inevitable: market-oriented economics, Stankov notes, is the natural bedfellow of populism. Through rigorous empirical methodology and the use of various case studies, Stankov is among the first to offer an empirical explanation.

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