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Author: Scott L. Greer
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
This article argues that the Economic Adjustment Programmes (EAP) that came with loans to peripheral Eurozone members Greece, Ireland, and Portugal are very similar to the loans with conditionality, also known as Structural Adjustment Programs, that international financial institutions have used as a policy tool in the 1980s and 1990s. It defines structural adjustment programs and then shows how Eurozone rules plus the Economic Adjustment Programmes resemble them. It then canvasses the literature evaluating structural adjustment in the developing world in order to formulate expectations for its performance in Europe. The null hypotheses from the large literature on structural adjustment policies suggest that the EAPs will: be badly implemented; be neutral or bad for growth; be bad for equity and the poor; have unpredictable policy consequences; and will allow incumbent elites to preserve their positions. Preliminary evidence from the three peripheral countries confirms that the same problems are afflicting EAPs.
Author: Scott L. Greer
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
This article argues that the Economic Adjustment Programmes (EAP) that came with loans to peripheral Eurozone members Greece, Ireland, and Portugal are very similar to the loans with conditionality, also known as Structural Adjustment Programs, that international financial institutions have used as a policy tool in the 1980s and 1990s. It defines structural adjustment programs and then shows how Eurozone rules plus the Economic Adjustment Programmes resemble them. It then canvasses the literature evaluating structural adjustment in the developing world in order to formulate expectations for its performance in Europe. The null hypotheses from the large literature on structural adjustment policies suggest that the EAPs will: be badly implemented; be neutral or bad for growth; be bad for equity and the poor; have unpredictable policy consequences; and will allow incumbent elites to preserve their positions. Preliminary evidence from the three peripheral countries confirms that the same problems are afflicting EAPs.
Author: Pauline Creasey
Publisher: Burns & Oates
ISBN:
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
Author: Obed O. Mailafia
Publisher: Routledge
ISBN: 1134753233
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
This book explores the complex, post-colonial relationship between Europe and African states. Using new field work as well as existing material the author explores * the dynamics of diplomacy * the operating practices of EU agreements * responses to debt and structural adjustment
Author: Wilson Allen Wallis
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 8
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Book Description
Author: Giles Mohan
Publisher: Psychology Press
ISBN: 9780415125215
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Focusing on Africa, Latin America and Asia, examines the origins, impacts and alternatives to the structural adjsutment programmes.
Author: Franklyn D. Holzman
Publisher: Duke University Press
ISBN: 9780822308522
Category : Business & Economics
Languages : en
Pages : 470
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Book Description
Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck. The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.
Author:
Publisher:
ISBN:
Category : Economic assistance, European
Languages : en
Pages : 346
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Book Description
Author: P. Thandika Mkandawire
Publisher: IDRC
ISBN: 155250204X
Category : Political Science
Languages : en
Pages : 192
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Book Description
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.
Author: Mr.Eduardo Borensztein
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
A consistent set of disaggregated industrial output data for four Eastern European countries is examined In order to determine the extent to which structural adjustment has taken place since the initiation of market-oriented reform. The latter created a massive relative price shock whose affects on the structure of the industrial sectors of these economies is shown to have been relatively small, at least one to two years after the reforms. An implication is that one argument in favor of more gradualist reform—based on the premise that more gradualism implies a smaller output cost in the short run—is questionable. By and large in these economies, the output cost associated with the removal of relative price distortions may still have to be faced.
Author: Mark Knell
Publisher:
ISBN:
Category : Europe, Eastern
Languages : en
Pages : 274
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Book Description
Bringing together different perspectives on structural adjustments and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, the papers in this volume examine issues including how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy.
