Review of the Relevant Literature

Scott R. Sidell

Chapter 2 in The IMF and Third-World Political Instability, 1988, pp 9-26 from Palgrave Macmillan

Abstract: Abstract The origins of the debate over the distributional impacts of IMF stabilisation programs can be traced to Cheryl Payer’s vociferous critique of Fund-supported adjustment policies. Payer (1975) starkly asserted that IMF-supported stabilisation programs inherently promote sharp, regressive income shifts. She pointed to the regressive movement of real wages in response to cutbacks in government-sponsored consumer subsidy programs and to reductions in nominal wage indexing. She also discussed the adverse effects of stabilisation programs on unemployment. Other works that set forth similar criticisms of Fund activities have included Hayter (1971), Weissman (1976), and Girvin and Bernal (1982).

Keywords: Real Wage; Union Membership; Political Instability; Relative Deprivation; Political Violence (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09053-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349090532

DOI: 10.1007/978-1-349-09053-2_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().