Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites fo

In this book, Federico Sturzenegger and Mariano Tommasi propose formal models to answer some of the questions raised by the recent reform experience of many Lat

By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.

Confronts the theory of conditionality with its limitations in practice, analyses the reasons for these limitations, and suggests constructive alternatives.