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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: Vittorio Corbo
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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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: World Bank. Country Economics Department
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
Author: Barbara Nunberg
Publisher: World Bank Publications
ISBN:
Category : Ajuste economico
Languages : ru
Pages : 45
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Book Description
Author: Patrick J. Conway
Publisher: World Bank Publications
ISBN:
Category : Ajuste economico
Languages : en
Pages : 36
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Book Description
For a sample of 75 countries during the period 1976-86, there is a significant association between participation in a World Bank adjustment lending program and more rapid economic growth, a more positive current account as a percentage of gross national product (GNP), and a higher rate of domestic inflation.
Author: Vinod Thomas
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: John H. Johnson
Publisher: World Bank Publications
ISBN: 9780821324707
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
China has done much to reform its price system, achieve macroeconomic stability, and restore growth. Nevertheless, price distortions remain in three key areas. This study suggests further price reforms for the energy, grain, and transport sectors. It explains why energy price adjustments should have only a modest effect on consumer prices, but a highly positive effect on the economy. It discusses why China may have to reduce consumer subsidies to achieve the necessary reforms for grain prices. The study describes what the government must do to strengthen commodity markets, generate competition, and make allowances for seasonal price variations. China's transport sector has been a critical development bottleneck. The paper reviews tariff adjustments and other reforms that would modernize the transport system and help it meet growing demand. These reforms also would encourage energy conservation and help integrate the national economy.
Author: Fahrettin Yagci
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Author: David Dollar
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
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).
Author: Barbara Nunberg
Publisher: World Bank Publications
ISBN:
Category : Administrative agencies
Languages : en
Pages : 52
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Book Description
Public sector management components of structural adjustment loans (SALs) progressed unevenly, and the outcomes varied with different political, administrative and economic conditions. Change was often incremental and sometimes unsustainable. Reforms linked to specific, actionable steps were more successfully implemented.
