 Bretton Woods intervention programmes and sustainable developmentJ.B. Opschoor and S.M. Jongma Environment and Development Economics, 1996, vol. 1, issue 2, 183-202 Abstract: Since the beginning of the 1980s the Bretton Woods institutions (World Bank and International Monetary Fund) have introduced structural adjustment loans and stabilization programmes to correct balance-of-payments distortions and to realize the conditions necessary for economic growth in developing countries. In the course of the 1980s, the concept of sustainable development was launched which asked for a qualitatively different orientation of growth. This paper presents a summary of what has been learned with respect to the relationship between Bretton Woods intervention programmes and development. Adjustment programmes appear to have evolved through three different stages, with attention for environmental aspects of sustainable development emerging in the third stage. A sectoral analysis is presented of the possible environmental impacts of the various components of intervention programmes. Recommendations are made regarding possible improvements of WB and IMF adjustment strategies in the light of sustainable development, without fully translating them into actual changes at the level of specific programmes. Date: 1996 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:endeec:v:1:y:1996:i:2:p:183-202_5 Access Statistics for this article More articles in Environment and Development Economics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. |
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