The process of social policy formation in emerging market economies has only recently gained the attention of researchers. In the wake of the implementation of broad reforms based on macroeconomic stabilization, market liberalization, and enterprise privatization, questions arose as to why the outcomes for working people in those nations have been less than hoped for. Poverty, inequality, and joblessness remain widespread. The connection between economic reform and social policy, and why such reforms failed to produce the tide needed to lift all boats, is the subject of this book from Ethan B. Kapstein.
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