INCOME DISTRIBUTION, POVERTY ALLEVIATION AND HUMAN DEVELOPMENT: The Structural Adjustment experience of ASEAN Countries

Hans Christoph Rieger

Pakistan Journal of Applied Economics, 1995, vol. 11, 187-210

Abstract: Structural adjustment is a continuous process and a concomitant of development. Prudent governments, therefore, endeavour to further the adjustment process rather than waiting for a crisis. But a crisis may develop as the result of an external shock. In fact, crises have the advantage of making the need for adjustment clearly visible, thus enabling governments to undertake harsh measures that would otherwise not have been politically feasible. On the other hand, waiting for a crisis situation to develop has disadvantages as well. First, a crisis is never a good time for basic reform; second, it associates basically good policies with harsh consequences and earns a bad name for them; and third, coercion and arm-twisting may result, and this can lead to the structural adjustment programme being rejected altogether.

Date: 1995
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