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Structural Reforms

In: Implementing a Human Development Strategy

Author

Listed:
  • Keith Griffin

    (University of California)

  • Terry McKinley

    (American University)

Abstract

In Chapter 2 we emphasised the importance for human development of the set of incentives, i.e. of ensuring that price-signals accurately reflect costs and benefits, of guaranteeing access to markets to everyone on equal terms and of lowering barriers to entry where there is discrimination. In Chapter 3 we underlined the role of government in achieving human development objectives and emphasised the large potential gains that could be realised by a reallocation of public expenditure. In a few countries improvements in incentives and in the composition of government spending will suffice, but in most developing countries these are necessary steps that will have to be reinforced by structural reforms and institutional changes.

Suggested Citation

  • Keith Griffin & Terry McKinley, 1994. "Structural Reforms," Palgrave Macmillan Books, in: Implementing a Human Development Strategy, chapter 5, pages 71-95, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23543-8_5
    DOI: 10.1007/978-1-349-23543-8_5
    as

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