Lessons in economic policymaking. (Costa Rica's economic stabilization and reform)(Guest Article): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on December 1, 1991. The length of the article is 2874 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Costa Rica provides a case study of how economic stabilization and reform can succeed with proper implementation. In the early 1980s, the country underwent a major economic crisis brought about by external forces, such as rising oil prices and worsening terms of trade, and by internal factors, including a flawed domestic economic policy. Costa Rica was able to overcome the crisis by implementing an economic policy that was realistic, simple, attainable and unalterable. The implementation required building consensus, establishing leadership and keeping the public informed. One important lesson to be learned by national policymakers from the Costa Rican experience is to aim for the implementation of truly workable programs that can be carried out 'reasonably' well over a given period of time.

Citation Details
Title: Lessons in economic policymaking. (Costa Rica's economic stabilization and reform)(Guest Article)
Author: Eduardo Lizano
Publication:Finance & Development (Magazine/Journal)
Date: December 1, 1991
Publisher: International Monetary Fund
Volume: v28 Issue: n4 Page: p33(3)

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