TY  - JOUR
AU  - Edwards,Sebastian
TI  - Structural Adjustment Policies in Highly Indebted Countries
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2502
PY  - 1989
Y2  - August 1989
UR  - http://www.nber.org/papers/w2502
L1  - http://www.nber.org/papers/w2502.pdf
N1  - Author contact info:
Sebastian Edwards
UCLA Anderson Graduate School of Business
110 Westwood Plaza, Suite C508
Box 951481
Los Angeles, CA 90095-1481
Tel: 310/206-6797
Fax: 310/206-5825
E-Mail: sebastian.edwards@anderson.ucla.edu
M1  - published as Sebastian Edwards. "Structural Adjustment Policies in Highly Indebted Countries," in Jeffrey D. Sachs, editor, "Developing Country Debt and the World Economy" University of Chicago Press, 1989 (1989)

AB  - 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.
ER  -