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- W2268369652 abstract "February 1990. While in power, the Sandinistas woe able to withstand enormous external political and military pressure. The U.S.-imposed trade embargo crip pled exports and the shift in die source of aid from the Bretton Woods organiza tions to the Eastern Bloc stifled efficiency. At the height of the hostilities, the contra war absorbed SO percent of the state budget and was responsible for total economic losses on the order of one-fourth of GDP.1 In the last several years, hyperinflation has plagued the economy, reaching a maximum of more than 33 thousand percent in 1988 (ECLA 1989: 20). Intonai economic policies have not generally enjoyed the support of the domestic bourgeoisie and, since early 1988, the Sandinistas have attempted to fight the inflation and the wildly appreciated real exchange rate through highly contractionary macropolicy (Taylor et al., 1989). Retrenchment in every area of social policy contributed to a decade of declining per capita income. Although the pre-election polls were deceiving, in retrospect it is small wonder the Sandinistas lost The domestic bourgeoisie will now replace the loose coalition of workers and peasants as the dominant political class in Nicaragua. But will the transition to a post-Sandinista Nicaragua necessarily mean a decline in the wellbeing of the popular classes? Much will hinge upon the evolution and intensity of die class conflict, which so far has blocked recovery from the 1979 revolution. It is the objective of this papa to explore possibilities and tradeoffs that lie ahead in the medium run." @default.
- W2268369652 created "2016-06-24" @default.
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- W2268369652 date "1990-09-01" @default.
- W2268369652 modified "2023-09-24" @default.
- W2268369652 title "Restructuring the Nicaraguan Economy" @default.
- W2268369652 cites W2049609794 @default.
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- W2268369652 doi "https://doi.org/10.1080/08911916.1990.11643803" @default.
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