Adjustment and Equity

• Adjustment does not necessarily increase poverty • Adjusting before a crisis reduces social costs • Refusal to adjust and the suspension of imports leads to self-centred underdevelopment, which is socially much more costly • The choice of macroeconomic stabilisation measures is important: the same...

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Bibliographic Details
Main Author: Morrisson, Christian
Format: eBook
Language:English
Published: Paris OECD Publishing 1992
Series:OECD Development Centre Policy Briefs
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:• Adjustment does not necessarily increase poverty • Adjusting before a crisis reduces social costs • Refusal to adjust and the suspension of imports leads to self-centred underdevelopment, which is socially much more costly • The choice of macroeconomic stabilisation measures is important: the same result can be obtained with higher or lower social costs • Some structural adjustment measures have beneficial social effects but others, like the reorganisation of public enterprises, involve high costs • Action by donor countries is indispensable to offset the increase in poverty linked to stabilisation measures and to the reduction of employment in public enterprises
Physical Description:27 p. 21 x 29.7cm