The Political Economy of Macroeconomic Policy Reform in Latin America: The Distributive and Institutional Context

Eduardo Wiesner's book makes an important contribution to the understanding of development by blending together the interdependent issues of macroeconomic performance and volatility, equity and distributive justice, fiscal deficits and the redistributive effectiveness of social public expenditures and the demand for the 'right' institutions and for policy reform in Latin America. It does this by examining recent macroeconomic crises from a political economy perspective, and finds that information is the critical algorithm that links together the demand for macroeconomic stability, macroeconomic performance and, ultimately, distributive justice.