Education and Adjustment: The Experience of the 1980s and Lessons for the 1990s

Frances Stewart

Chapter 8 in Market Forces and World Development, 1994, pp 128-159 from Palgrave Macmillan

Abstract: Abstract The 1980s was a decade of adjustment for much of the Third World, especially for most countries in Africa and Latin America. The stabilisation and adjustment policies followed — mainly under the auspices of the IMF and World Bank — were necessitated by major imbalances that developed in the early 1980s and persisted for much of the decade. Many countries suffered very large deficits in their external accounts, with the value of imports plus payments due on their debt greatly exceeding the value of their exports, while budget deficits were also pervasive.

Keywords: Real Wage; Government Expenditure; Education Sector; Budget Deficit; Adjustment Policy (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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:978-1-349-23138-6_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349231386

DOI: 10.1007/978-1-349-23138-6_8

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 ().