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• W2016767358 abstract "The 1980s were painful years of structural adjustment during which many developing countries abandoned statist economic models in favor of market-oriented paradigms. The proponents of structural adjustment, including international lending agencies such as the IMF and World Bank, argued that reforms were necessary to restore growth and curtail inflation. The opponents of adjustment claimed its macroeconomic results were not a foregone conclusion and, regardless of them, such changes would drastically affect the already precarious position of the poor. We use data from sixteen Latin American cases to examine the socioeconomic impacts of structural adjustment. Adjustment was weakly associated with growth, and reform did seem to reduce inflation. Counterintuitively, the extent of structural adjustment appears to be negatively associated with both poverty and inequality. Finally, empirical data show that low levels of growth or even mere economic stability are the best remedy for poverty and inequality." @default.
• W2016767358 created "2016-06-24" @default.
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• W2016767358 date "1999-09-01" @default.
• W2016767358 modified "2023-09-23" @default.
• W2016767358 title "The Socioeconomic Impacts of Structural Adjustment" @default.
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• W2016767358 doi "https://doi.org/10.1111/0020-8833.00134" @default.
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