Social dimension of adjustment

Abstract

No AccessStand Alone Books1 Feb 2013Social dimension of adjustmentWorld Bank experience, 1980-93Authors/Editors: Carl Jayarajah, William Branson, Binayak SenCarl Jayarajah, William Branson, Binayak Senhttps://doi.org/10.1596/0-8213-3610-XSectionsAboutPDF (0.8 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:This comprehensive study by the Bank's independent Operations Evaluation Department looks at all the evaluated adjustment operations supported by the Bank in 1980-93 (114 operations in 53 countries) and tracks what happened to poverty and income distribution. The findings dispel some popular myths about adjustment lending: 1) two-thirds of the 53 countries implemented the adjustment policies agreed with the Bank with a substantial measure of success. They reduced price distortions and inflation, stabilized their foreign exchange reserves, and achieved growth in income per head; 2) countries that successfully implemented adjustment reduced poverty; and 3) successful adjusters maintained or increased their social spending. The principal message of the study is that good macroeconomic policies and measures - combined with relevant sectoral policies and appropriate public expenditure allocation - provide a favorable environment for accelerating savings and investment, both necessary for sustained economic growth and poverty reduction. In all the cases studied, growth and poverty reduction have been closely related. Finally, the study confirms previous OED findings regarding borrower ownership: the most common reason why adjustment efforts fail is poor government commitment. Thus, the Bank should lend for adjustment only where governments are committed to reforms and likely to sustain them. FiguresreferencesRecommendeddetailsCited byA novel public-private-people partnership framework in regeneration of old urban neighborhoods in IranLand Use Policy, Vol.109Solutions, exclusion and influence: Exploring power relations in the adoption of social protection policies in KenyaCritical Social Policy, Vol.39, No.35 December 2018The Effects of Adjustment on Education: A Review of Asian Experience16 September 2018Neoliberalism and the World Bank's Changing Approach to Health14 September 2017The World Bank: Why it is Still Needed and Why it Still DisappointsSSRN Electronic JournalOn the Role of Aid in The Great EscapeReview of Income and Wealth7 August 2014The Struggle againstHIV/AIDSNeoliberal globalisation and health in a time of economic crisisSocial Theory & Health, Vol.9, No.424 October 2011The International Monetary Fund's Effects on Global Health: Before and after the 2008 Financial CrisisInternational Journal of Health Services, Vol.39, No.41 October 2009International Monetary Fund Programs and Tuberculosis Outcomes in Post-Communist CountriesPLoS Medicine, Vol.5, No.722 July 2008Learning from health system reforms: lessons from Burkina FasoTropical Medicine and International Health, Vol.11, No.12The Human Rights Effects of World Bank Structural Adjustment, 1981-2000International Studies Quarterly, Vol.50, No.2At War's End, Vol.75 September 2012Credit market access and profitability in Tunisian agricultureAgricultural Economics, Vol.30, No.3Poverty and Structural Adjustment: Some Remarks on Tradeoffs between Equity and GrowthBack Matter - Social Progress and Sustainable Development1 April 2015Social sectors during economic reforms: The Indian experienceOxford Development Studies, Vol.27, No.2Towards an Economics of EvaluationEvaluation, Vol.5, No.124 July 2016Health and health expenditures in adjusting and non-adjusting countriesSocial Science & Medicine, Vol.46, No.8Poverty and Progress? Reflections on Housing and Urban Policies in Developing Countries, 1976-96Urban Studies, Vol.34, No.10The effects of adjustment on education: A review of asian experienceProspects, Vol.27, No.1 View Published: April 1996ISBN: 978-0-8213-3610-6 Copyright & Permissions Related TopicsMacroeconomics and Economic GrowthPoverty ReductionSocial Protections and Labor KeywordsPOVERTYINCOME DISTRIBUTIONPOVERTY MITIGATIONECONOMIC GROWTHFISCAL POLICYMONETARY POLICYSUPPLY SIDE ECONOMICSINCOME INEQUALITIESPUBLIC EXPENDITURESSTRUCTURAL ADJUSTMENTECONOMIC STABILIZATIONMACROECONOMIC ANALYSISSOCIAL SAFETY NETS PDF DownloadLoading ...

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