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The decade of adjustment: a review of austerity trends 2010-2020 in 187 countries

Isabel Ortiz, Matthew Cummins, Jeronim. Capaldo and Kalaivani. Karunanethy

ILO Working Papers from International Labour Organization

Abstract: Examines the latest IMF government spending projections for 187 countries between 2005 and 2020; (ii) reviews 616 IMF country reports in 183 countries to identify the main adjustment measures considered by governments in both high-income and developing countries; (iii) applies the United Nations Global Policy Model to simulate the impact of expenditure consolidation on growth and employment; (iv) discusses the threats of austerity to welfare and social progress; and (v) calls for urgent action by governments to adopt alternative and equitable policies for socio-economic recovery.

Keywords: social protection; economic recession; economic recovery; public expenditure; employment security; growth rate; welfare economics; projection; trend; data collecting; methodology; protection sociale; récession économique; reprise économique; dépenses publiques; sécurité de l'emploi; taux de croissance; économie de bien-être; projection; tendance; collecte des données; méthodologie; protección social; recesión económica; recuperación económica; gasto público; seguridad en el empleo; tasa de crecimiento; economía del bienestar; proyección; tendencia; recopilación de datos; metodología (search for similar items in EconPapers)
Date: 2015
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