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Structural Adjustment Stabilization And Policy Reform
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Book Synopsis What Explains the Success Or Failure of Structural Adjustment Programs? by : David Dollar
Download or read book What Explains the Success Or Failure of Structural Adjustment Programs? written by David Dollar and published by World Bank Publications. This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1998 A few political economy variables can successfully predict the outcome of an adjustment loan 75 percent of the time. To select promising candidates for adjustment, the World Bank must do a better job of understanding which environments are promising for reform and which are not. Being more selective may mean smaller volumes of lending. In the 1980s development assistance shifted largely from financing investments (such as roads and dams) to promoting policy reform. This change came because of a growing awareness that developing countries were held back more by poor policies than by a lack of finance for investment. After nearly 20 years' experience with policy-based or conditional lending, there have now been many studies of adjustment lending, most of which take a case-study approach. Many conclude that policy-based lending works if countries have decided on their own to reform. Dollar and Svensson examine a database of 220 World Bank-supported reform programs to identify why adjustment programs succeed or fail. They find that a few political economy variables can successfully predict the outcome of an adjustment loan 75 percent of the time. Variables under the World Bank's control-resources devoted to preparation and supervision or number of conditions-have no relationship with an adjustment program's success or failure. What development agencies must do, then, is select promising candidates for adjustment support. When the candidate is a poor selection, devoting more administrative resources or imposing more conditions will not increase the likelihood of successful reform. To improve its success rate with adjustment lending, the World Bank must become more selective and do a better job of understanding which environments are promising for reform and which are not. That is likely to lead to fewer adjustment loans, unless there is a significant change in the number of promising reformers. To become more effective at supporting policy reform, the agency must be willing to accept that this may lead to smaller volumes of lending. This paper-a product of the Macroeconomics and Growth, Development Research Group-is part of a larger effort in the group to examine aid effectiveness. The study was funded by the Bank's Research Support Budget under the research project Economic Policies and the Effect of Foreign Aid (RPO 681-70). The authors may be contacted at [email protected]. or [email protected].
Book Synopsis Structural Adjustment, the Environment and Sustainable Development by : David Reed
Download or read book Structural Adjustment, the Environment and Sustainable Development written by David Reed and published by Routledge. This book was released on 2013-11-05 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a pioneering study which should serve as a model for future research and will to a wide audience' Dharam Ghai, Director United Nations Research Institute for Social Development Structural Adjustment and the Environment (Earthscan, 1992) was the first book to fully examine the effects of 'structural adjustment programmes the economic reform policies required by the World Bank and IMF as part of their lending operations with borrowing countries. To widespread Critical acclaim it exposed the damaging environmental and social effects of structural adjustment policies, and called for a thorough revision of the then-current development policy. This new work; Structural Adjustment, the Environment and sustainable Development is a major step forward in the study of structural adjustment policies. It looks in detail at new research and analysis into their effects, and incorporates recent studies by a wide range of academics and policy-makers, leading experts and institutes. Focusing on nine in-depth case studies, the book examines the complex links between macroeconomic policies, social impacts and environmental outcomes, and takes a forward-looking perspective in outlining the alternatives to current structural adjustment policies. Review quotes for Structural Adjustment and the Environment 'Should be essential reading for all students of development' Third World Planning Review 'Breaks new ground in the debate on structural adjustment generally. and in the environment/development debate' International Affairs 'The most substantial contribution to date to what is undoubtedly an important area' Development and Change David Reed is director of the Macroeconomics for Sustainable Development Programme of WWF International, and editor of Structural Adjustment and the Environment (Earthscan, 1992). Originally published in 1996
Book Synopsis Structural Adjustment, Stabilization, and Policy Reform by : Vittorio Corbo
Download or read book Structural Adjustment, Stabilization, and Policy Reform written by Vittorio Corbo and published by . This book was released on 1994 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Coordinating Stabilization and Structural Reform by : Mr.Richard C. Bart
Download or read book Coordinating Stabilization and Structural Reform written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-09-15 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This seminar volume, edited by Richard C. Barth, Alan R. Roe, and Chorng-Huey Wong, presents an overview of the links between structural and macroeconomic policies that were addressed in an IMF Institute seminar held in Washington, D.C., in 1993. The most important areas of structural reform are covered: the price system, tax and expenditure policy, exchange rate management, external trade, public enterprises, the financial sector, and social safety nets. Four case studies are presented: China, Poland, Argentina, and the Gambia.
Book Synopsis Structural Adjustment Programs and Economic Stabilization in Central America by : Eugenio Díaz-Bonilla
Download or read book Structural Adjustment Programs and Economic Stabilization in Central America written by Eugenio Díaz-Bonilla and published by World Bank Publications. This book was released on 1990 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Adjustment by : Giles Mohan
Download or read book Structural Adjustment written by Giles Mohan and published by Psychology Press. This book was released on 2000 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on Africa, Latin America and Asia, examines the origins, impacts and alternatives to the structural adjsutment programmes.
Book Synopsis Stabilization and Adjustment in Egypt by : Jūdah ʻAbd al-Khāliq
Download or read book Stabilization and Adjustment in Egypt written by Jūdah ʻAbd al-Khāliq and published by Edward Elgar Publishing. This book was released on 2001 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP." "This book will interest and inform practitioners, policymakers and scholars of economics, industrial economics, development economics and development studies."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Book Synopsis Fragile Coalitions by : Joan M. Nelson
Download or read book Fragile Coalitions written by Joan M. Nelson and published by Transaction Publishers. This book was released on 1989-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change
Book Synopsis Handbook of Development Economics:. Structural Adjustment, Stabilization and Policy Reform: Domestic and International Finance by :
Download or read book Handbook of Development Economics:. Structural Adjustment, Stabilization and Policy Reform: Domestic and International Finance written by and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Chile’s "Shock Therapy" and structural adjustment programs in Latin America. Reforms and outcomes by : Sven Piechottka
Download or read book Chile’s "Shock Therapy" and structural adjustment programs in Latin America. Reforms and outcomes written by Sven Piechottka and published by GRIN Verlag. This book was released on 2017-09-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Politics - Region: Middle and South America, grade: 1,5, University of Potsdam (Chair for Political Science, Public Administration and Organization), course: Government and Governance in Developing Countries, language: English, abstract: In this short paper, I followed a comparative case study approach to explore the reforms and reform outcomes in four different Latin-American countries during the 1980s. I chose Chile as a successful example of structural adjustment politics and Bolivia, Peru and Argentina as deviating cases to evaluate different reform success. My findings supported a case-by-case evaluation. It turned out that orthodox structural adjustment policies were implemented differently in every country due to country-specific political, historical and institutional features as well as an altering relationship to international financing institutions. Generally, orthodox reforms seemed to back economic stabilization but not necessarily structural economic adjustment. A review of the current state of literature showed differing explanations for varying reform success. While some researchers attribute failure to heterodox deviation, others see a too orthodox course or suggest an explanation by inappropriate time and place for the reforms. Further research will be needed to clarify causalities. It is suggested to put a stronger focus on underlying context-dependent reform drivers and stumbling blocks.
Book Synopsis The Politics of Economic Adjustment by : Stephan Haggard
Download or read book The Politics of Economic Adjustment written by Stephan Haggard and published by Princeton University Press. This book was released on 2018-06-05 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. Building on the case studies in Economic Crisis and Policy Choice, these essays offer comparative analysis of these divergent experiences with macroeconomic stabilization and structural adjustment. Barbara Stallings and Miles Kahler explore the external pressures on governments. Peter Evans and John Waterbury examine the role of the state in the adjustment process, Evans through the lens of earlier historical experience with economic restructuring, Waterbury by focusing on the politics of privatization. Joan Nelson analyzes the politics of income distribution in the adjustment process, and Haggard and Kaufman investigate the political correlates of inflation and stabilization. A final essay assesses the prospects for combining market-oriented reforms with political democratization.
Book Synopsis The IMF Policy Paradigm by : Wilfred L. David
Download or read book The IMF Policy Paradigm written by Wilfred L. David and published by Greenwood. This book was released on 1985 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Coordinating Stabilization and Structural Reform by : Richard Carl Barth
Download or read book Coordinating Stabilization and Structural Reform written by Richard Carl Barth and published by . This book was released on 1994 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the link between structural reform and macroeconomic policies is presented in this publication. The price system, tax expenditure policy, exchange rate management, external trade, public enterprises, financial sector, and social safety nets are all examined. Four case studies illustrate the reform process in diverse economic settings. China and Poland, both transition economies, show the gradual and big bang approaches. Argentina, an upper middle-income developing economy, and The Gambia, a low-income developing economy illustrate structural reform programmes in non-transition settings.
Book Synopsis Aid and the Political Economy of Policy Change by : Tony Killick
Download or read book Aid and the Political Economy of Policy Change written by Tony Killick and published by Routledge. This book was released on 1998-09-24 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume looks at the effectiveness of conditionality in structural adjustment programmes. Tony Killick charts the emergence of conditionality, and challenges the widely held assumption that it is a co-operative process, arguing that in fact it tends to be coercive and detrimental to development objectives. Through detailed case studies of twenty one recipient countries, he explores the key issues of: * ownership * role of agencies * government objectives and the effects of policy. The conclusion is that conditionality has been counterproductive to price stability, economic growth and investment.
Book Synopsis Structural Adjustment & Employment Policy by : J. F. J. Toye
Download or read book Structural Adjustment & Employment Policy written by J. F. J. Toye and published by International Labour Organization. This book was released on 1995 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The interaction of structural adjustment policies with the evolution of wages and employment worldwide, and ... the examples of Chile and Indonesia during recent periods of policy reform."--Page 4 of cover.
Book Synopsis Stabilization and Structural Adjustment by : Finn Tarp
Download or read book Stabilization and Structural Adjustment written by Finn Tarp and published by Routledge. This book was released on 2002-09-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.
Book Synopsis Our Continent, Our Future by : P. Thandika Mkandawire
Download or read book Our Continent, Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
