Structural Adjustment Policies in Highly Indebted Countries
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.
Developing Country Debt and Economic Performance, Vol. 1: The Inter-national Financial System, edited by Jeffrey D. Sachs, pp. 159-207. Chicago: The University of Chicago Press, 1989.
Structural Adjustment Policies in Highly Indebted Countries, Sebastian Edwards. in Developing Country Debt and the World Economy, Sachs. 1989