Structural Adjustment Policies in Highly Indebted Countries

Sebastián Edwards

57 citations0/0 files storedNational Bureau of Economic Research

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International Development and Aid Global Financial Crisis and Policies Economic Theory and Policy

Abstract

This paper deals with structural adjustment in the highly indebted countries.The origins of the debt crisis are first analyzed.Then the nature of the adjustment followed by the debt ridden countries between 1982-1987 is discussed.It is noted that for most nations the adjustment has been highly recessive.Next, the potential role of trade reforms in securing the resumption of sustained growth is analyzed.

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1974Money and Capital in Economic Development.1985Good-bye financial repression, hello financial crash 1978Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences 1971Industry and trade in some developing countries 1970Industry and Trade in Some Developing Countries 1985Fund Supported Adjustment Programs and Economic Growth

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1989The Economics of Development: A Survey 1988Real and monetary determinants of real exchange rate behavior: Theory and evidence from developing countries 1989Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries 1999Crisis Prevention: Lessons from Mexico and East Asia 2001Exchange Rate Regimes, Capital Flows and Crisis Prevention 2001Does the Current Account Matter?2005Trade Liberalisation and Economic Performance: Theory and Evidence for Developing Countries 2015Liberalising foreign trade

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