NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Structural Adjustment Policies in Highly Indebted Countries

Sebastian Edwards

NBER Working Paper No. 2502 (Also Reprint No. r1245)
Issued in February 1988
NBER Program(s):   ITI   IFM

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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Document Object Identifier (DOI): 10.3386/w2502

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