Definitions and characteristics
Definitions and characteristics
The book uses the term ‘economic reconstruction’ in a broad sense to include not only rehabilitation of basic services and rebuilding of physical and human infrastructure, but also the stabilization and structural reform policies, as well as the microeconomic foundations required to create a market economy and reactivate investment and broad-based growth. This chapter argues that countries in reconstruction do indeed share a number of characteristics with countries in the process of normal development but such similarities should not lead to their conflation. The chapter discusses how policymaking in countries coming out of crisis — whether conflict, natural disasters, or financial chaos — differs from policymaking under normal development. Since countries coming out of war have a high risk of relapsing into conflict, the chapter also argues that it may be more effective to use scarce resources in the few countries undergoing reconstruction than in preventive diplomacy across the world.
Keywords: rehabilitation, rebuilding, infrastructure, basic services, stabilization, structural reform, financial crises, natural disasters, normal development, preventive diplomacy
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
