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5.6 POLITICAL SCIENCE
This article examines the impact of economic crises on macroeconomic
policies in the United States (US), Mexico, Ireland, and Sweden at the
start of the 1980s, framed within the context of the policy change
literature. These countries are selected for examination as they
encompass presidential, parliamentary, republican, constitutional
monarchical, federal and unitary systems of governance. Two are
European states and two are from the Americas: two are large economies
while two are small.
Each country’s response to the crisis affecting it, tempered by historical
and political factors, provides an insight into that political economy.
These findings enable us compare and contrast the nature of each crisis
and the policy responses adopted. The value of such comparison is the
perspective it offers, contributing to the goal of building a body of
increasingly complete explanatory theory (Mahler 1995).
Hogan, J. Economic Crises and Policy Change in the Early 1980s: a Four Country Comparison. Journal of Australian Political Economy, No. 65, Winter 2010. Pgs. 106-137. www.jape.org