Make your work easier and more efficient installing the rrojasdatabank  toolbar ( you can customize it ) in your browser. 
Counter visits from more than 160  countries and 1400 universities (details)

The political economy of development
This academic site promotes excellence in teaching and researching economics and development, and the advancing of describing, understanding, explaining and theorizing.
About us- Castellano- Français - Dedication
Home- Themes- Reports- Statistics/Search- Lecture notes/News- People's Century- Puro Chile- Mapuche

World indicators on the environmentWorld Energy Statistics - Time SeriesEconomic inequality

Reproduced with permission from
the United Nations Research Institute for Social Development

Structural Adjustment in a Changing World

Structural adjustment programmes have fundamentally affected the life chances of hundreds of millions of people in Third World countries over the past several decades. With the collapse of communism, they have begun to assume a central role in economic and social policy-making in Eastern Europe and the former Soviet Union as well. It is therefore impossible to discuss the three principal areas of concern of the World Summit for Social Development — poverty, unemployment and social disintegration in the 1990s — without reference to the current debate on the role of structural adjustment in worsening or alleviating these problems.

The purpose of this paper is to provide background for the debate. After considering what "adjustment" means, in general terms, the paper will highlight different approaches to adjustment problems. Then it will focus on the macro-social and macro-political effects of the particular form of structural adjustment — based upon promotion of radical free-market restructuring — which gained currency in conjunction with the debt crisis of the 1980s. And it will close with a series of suggestions for rethinking adjustment policy in the 1990s.

Contents Previous  Next