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

Edward Mabaya and Ralph D. Christy
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Edward Mabaya: Department of Applied Economics and Management, Cornell University, USA
Ralph D. Christy: Department of Applied Economics and Management, Cornell University, USA

Chapter 5 in Achieving Sustainable Communities in a Global Economy:Alternative Private Strategies and Public Policies, 2004, pp 113-135 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe 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

Keywords: Emerging Markets; Market Strategy; Corporate Social Responsibility/Economic Development (search for similar items in EconPapers)
Date: 2004
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