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Striving for Growth After Adjustment

Striving for Growth After Adjustment
Author: Luis Serven
Publisher: World Bank Publications
Total Pages: 304
Release: 1993
Genre: Business & Economics
ISBN: 9780821324844

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This book presents the results of about three years of work finished in early 1992 in the area of private investment and macroeconomic adjustment. Its purpose is to explore the macroeconomic determinants of investment and the causes and cures for the gap between maroeconomic adjustment and stabilization and the resumption of economic growth in developing countries, a gap that even today - 10 years after the debt crisis and the subsequent adjustment of the eighties - remains wide. This volume highlights the central role of capital formation (public and private) in the restoration of sustainable growth.


Adjustment for Growth

Adjustment for Growth
Author: Mr.Michael T. Hadjimichael
Publisher: International Monetary Fund
Total Pages: 100
Release: 1996-10-15
Genre: Business & Economics
ISBN: 9781557755667

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Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).


The Economics of Adjustment and Growth

The Economics of Adjustment and Growth
Author: Pierre-Richard Agénor
Publisher: Academic Press
Total Pages: 752
Release: 2000
Genre: Business & Economics
ISBN: 9780120445554

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The Economics of Adjustment and Growth moves the study of macroeconomics for developing economies away from the traditional static approach and toward a more dynamic, growth-oriented framework. Pierre-Richard Agénor presents an analysis of policy issues involved in designing economic adjustment programs in developing countries and structural reform policies aimed at fostering economic growth. Emphasizing the need to take into account the structural features of these countries, his work dwells on the considerable body of analytical research and empirical evidence of the past two decades in academic circles and international organizations. It provides cutting-edge analysis of many current real-world issues, such as financial crises and the role of trade integration in fostering economic growth. Overall the book offers an impressive overview of the macroeconomic and structural adjustment issues facing developing economies today.


Boom, Crisis, and Adjustment

Boom, Crisis, and Adjustment
Author: Ian Malcolm David Little
Publisher: World Bank Publications
Total Pages: 470
Release: 1993
Genre: Business & Economics
ISBN: 9780195208917

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Boom, Crisis, and Adjustment reviews the macroeconomic experiences of eighteen developing countries from 1974 to 1989. The authors address why the experiences and policy reactions have differed among the countries, and how their individual growth rates were affected by these policy reactions.


Fixed Capital Adjustment

Fixed Capital Adjustment
Author: Mr.R. Gelos
Publisher: International Monetary Fund
Total Pages: 36
Release: 1999-04-01
Genre: Business & Economics
ISBN: 1451847920

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This paper examines capital adjustment patterns using two large and largely novel data sets from the manufacturing sectors of Colombia and Mexico. The findings show that investment patterns in these countries resemble those reported for the United States to a surprising extent. Capital adjustments beyond maintenance investment occur only rarely, but large spikes account for a significant fraction of total investment. Although duration models do not provide strong evidence for the presence of substantial fixed costs, nonparametric adjustment function estimates reveal the presence of irreversibilities in investment. These irreversibilities are important for understanding aggregate investment behavior.


Macroeconomic and Structural Adjustment Policies in Zimbabwe

Macroeconomic and Structural Adjustment Policies in Zimbabwe
Author: Clever Mumbengegwi
Publisher: Springer
Total Pages: 322
Release: 2001-12-17
Genre: Business & Economics
ISBN: 0230391044

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The policy relevant analysis of this volume examines nearly twenty years of Zimbabwe's macroeconomic and structural adjustment experiences since independence. Part One analyses the impact on economic growth, inflation, employment and labour markets. Part Two deals with financial liberalization, and the financial turmoil and currency crisis experienced in the wake of reforms. Part Three examines trade liberalization and its impact on investment and income distribution. Part Four gives sectoral perspectives on the agricultural, manufacturing and health sectors.


Adjustment in Africa

Adjustment in Africa
Author: Ishrat Husain
Publisher: World Bank Publications
Total Pages: 452
Release: 1994-01-01
Genre: Business & Economics
ISBN: 9780821327876

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World Bank Environment Paper 4. This survey describes the factors that affect tree cultivation and clearance by Kenyan farmers. These factors include agricultural conditions, product markets, the family life cycle, income, and changing demands for household labor--especially demands caused by labor migration. The author explains why removing structural constraints on rural land markets might reduce the incentive to start and maintain woodlots. He also details why policies that seek to create forests may conflict with programs that generate rural employment.


The Political Economy of Post-adjustment

The Political Economy of Post-adjustment
Author: Hakim Ben Hammouda
Publisher: Routledge
Total Pages: 224
Release: 2017-11-30
Genre: Political Science
ISBN: 1351771604

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This title was first published in 2003. Hammouda's text focuses on modernization experiences in the South which, in the 80s had reached their limits, with the adoption of structural adjustment programmes in most countries. Yet, such Washington Consensus inspired programmes met difficulties in initiating new growth dynamics in these countries and in improving their international insertion. Hence, a new era termed post-adjustment by the author has been ushered in, one which is characterized by a decline of structural adjustment programmes and through dynamic and plural research, is striving to introduce new theoretical practices and development strategies. This book is a contribution to such debate.


Structural and Sectoral Adjustment

Structural and Sectoral Adjustment
Author: Carl Jayarajah
Publisher: World Bank Publications
Total Pages: 378
Release: 1995-01-01
Genre: Business & Economics
ISBN: 9780821331224

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World Bank Discussion Paper No. 290. Draws on the lessons of experience of developing countries in decentralizing infrastructure and provides new empirical evidence on the quantitative and qualitative effects of decentralization. This collection of five papers highlights the lessons of the World Bank's research and experience on the linkages between infrastructure and decentralization. The paper provides: - A summary of the lessons from World Bank experience, giving a general review of the importance of the decentralization of infrastructure - A review of the institutional aspects of decentralization and their implications for policy design - An empirical assessment of the consequences of decentralization for expenditure levels and performance in infrastructure - An outline for a research agenda on decentralization in light of recent developments in the theory of the firm. - The authors conclude that some degree of decentralization will improve performance in certain areas of infrastructure such as roads and electricity.