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Markets, Government and Development: Structural Adjustment Programs in a Global Economy

In: Achieving Sustainable Communities In A Global Economy Alternative Private Strategies and Public Policies

Author

Listed:
  • Edward Mabaya

    (Department of Applied Economics and Management, Cornell University, USA)

  • Ralph D. Christy

    (Department of Applied Economics and Management, Cornell University, USA)

Abstract

The following sections are included:The Great Debate RevisitedUnderstanding Policy FailurePost Structural Adjustment Program AssessmentWhy SAPs failedPoorly designed program with hidden agendasThe limit of marketsPoor governanceHeavy foreign debtFall in commodity pricesNatural disastersGlobalizationCauses of globalizationEffects of globalization on the poorLaborEnvironmentEquityBrain drainVolatility in financial marketsLessons from SAPs and GlobalizationsMarkets have limitsPolicies should be pro-poorProtect the environmentNo single pill for developmentConclusions: Informing Choice between Imperfect OptionsReferences

Suggested Citation

  • Edward Mabaya & Ralph D. Christy, 2004. "Markets, Government and Development: Structural Adjustment Programs in a Global Economy," World Scientific Book Chapters, in: Ralph D Christy (ed.), Achieving Sustainable Communities In A Global Economy Alternative Private Strategies and Public Policies, chapter 5, pages 113-135, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812565679_0005
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