01845cas a2200253 a 4500 AALejournalIMF001442 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451967289 1018-5941 BD-DhAAL BD-DhAAL Isard, Peter. Political Feasibility and Investment in Economic Transformations / Peter Isard, Joshua Aizenman. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper characterizes the feasibility of economic transformation as requiring the simultaneous attainment of macroeconomic stability, political support, and adequate private investment. Macroeconomic stability is defined as fiscal balance; political feasibility is related to the income gains and losses of different population groups; and private investment is linked to public 'infrastructure' investment. The analysis illustrates that attainment of the multiple requirements for successful transformation may necessitate a 'big push' with external financial and technical assistance. It also emphasizes the importance of the productivity gains achieved when workers are induced to make occupational choices consistent with their comparative advantages. Mode of access: Internet Aizenman, Joshua. IMF Working Papers; Working Paper ; No. 1993/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/057/001.1993.issue-057-en.xml IMF e-Library