Titlebook: Development Finance and Policy Reform; Essays in Theory and Paul Mosley (Professor of Development Economics an Book 1992 Palgrave Macmillan

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Consolidating Economic Adjustment: Aspects of the Political Economy of Sustained Reformiculties. But there is broad agreement that a government’s own commitment and capacity to cope with domestic political pressures are crucial to effective economic adjustment and reform. In the past few years the international development cornmunity has placed growing emphasis on host country ‘owners

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A Theory of Conditionalitysbursement of a loan to understandings concerning the economic policy which the government of the borrower country intends to pursue — has been an important component of the mechanism by which international financial institutions attempt to regulate the behaviour of the world economy. Since its foun

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Adjustment Programmes and World Bank Support: Rationale and Main Resultsith the debt crisis that emerged in the post 1982 period, adjustment lending grew in importance (Stern, 1983). Increased recognition on the part of many developing countries of the need for structural reforms contributed to the expansion of adjustment lending. The Bank periodically evaluates the eff

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The Many Faces of Adjustment and subsequently to the impact of stabilisation and adjustment measures on vulnerable groups and the need for special policies to counter these costs (Jolly and Cornia, 1984; Cornia, Jolly and Stewart, 1987). In the latter half of the decade, there were, apparently, very major changes in the intern

Coterminous

The Social Dimension of Economic Adjustment Programmes: Economic Feedbacks and Implications for Medicrises on their external accounts and their internal macroeconomic stability (especially with regard to inflationary pressures). Along with these stabilisation efforts, many countries undertook structural reforms aimed at improving their efficiency and competitiveness through reduced dependency on i

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