New PDF release: Economic Adjustments in New Democracies: Lessons from

By Diane Ethier

ISBN-10: 0333695569

ISBN-13: 9780333695562

Many contemporary books care for the politics of monetary adjustment in new democracies. despite the fact that, none of them presents a radical comparative research of Southern ecu circumstances. This publication fills this lacuna. the 1st half compares the orientations and the results of the commercial rules performed via the Greek, Spanish and Portuguese governments in the course of the post-authoritarian interval (1975-95). It finds that monetary adjustment has been completed with a mitigated luck in Spain and Portugal whereas it failed in Greece. the second one half analyses the motives of those unequal performances. It indicates that the latter were decisively motivated through elements: the government's dedication to project reforms: the autonomy of the administrative towards the most political actors or its means to rally their aid. probably, this paintings demanding situations quite a few preconceived principles approximately Southern Europe whereas confirming and complementing the most findings of comparable experiences dedicated to jap eu, Latin American, Asian and African new democracies.

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Concurrently with these measures, the government of Mario Soares in 1976 negotiated an additional protocol to the 1972 free-trade agreement with the EC;6 in March 1977, he submitted Portugal's membership request to the EC. The same year, the IMF granted a new loan to Lisbon on condition that the authorities reinforced the austerity measures. The Soares government's submission to this demand led to its defeat and the formation of the PSP-CDS coalition government, again led by Mario Soares, in January 1978.

Concurrently with these measures, the government of Mario Soares in 1976 negotiated an additional protocol to the 1972 free-trade agreement with the EC;6 in March 1977, he submitted Portugal's membership request to the EC. The same year, the IMF granted a new loan to Lisbon on condition that the authorities reinforced the austerity measures. The Soares government's submission to this demand led to its defeat and the formation of the PSP-CDS coalition government, again led by Mario Soares, in January 1978.

As soon as it came into power, on July 1987, the new Cavaco Silva government announced that it wished to proceed with a new review of the constitution to enable it to implement its entire economic adjustment program. The social-democratic leaders nonetheless stated that this program would not involve the privatization of public services (transportation, mail, Air Portugal) and that the transfer of other government enterprises to the private sector would be done gradually. For the period 1987-91, the government announced a large-scale privatization of radio and television, a revision of the basic law on agrarian reform, a liberalization of labour legislation, in particular with regard to hiring and firing, and the disengagement of the state from social security.

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Economic Adjustments in New Democracies: Lessons from Southern Europe by Diane Ethier


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