Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia

This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries-Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment....

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Main Author: Verhoeven, Marijn
Other Authors: Bogetic, Zeljko, Gupta, Sanjeev, McDonald, Calvin A.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998, 1998
Series:IMF Policy Discussion Papers; Papers on Policy Analysis and Assessment
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries-Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment. The current social policy measures adopted in the reform programs should provide significant social safety nets for the poor. However, if the social impact turns out to be larger than projected, it would be worthwhile to assess cost-effective and efficient alternatives for expanding social safety nets. The paper presents some options that could be considered
Physical Description:32 p.
ISBN:9781451971408
1451971400