Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 3

Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 3

Part 3: Structural Adjustment for Dummies! Structural adjustment, simply stated, is the initiation and management of changes in the structure of an economy, that is, changes in the kinds of economic activities undertaken by a society. For example, Barbados has been heavily dependent on tourism; in previous times it was (more…)

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Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 2

Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 2

Part 2:  Structural Adjustment, Growth and the IMF  First it must be clear that structural adjustment is not to be confused with Structural Adjustment Programmes which are IMF-led programmes designed essentially to bring about short-term stability and specific long-term economic changes.  The much maligned programmes of “privatization” are just one (more…)

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Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 1

Structural Adjustment: Belling the Foreign Exchange Cat(-astrophe) Part 1

Part 1: Introduction  Carl More in an article in the Sunday Sun of 22 December lamented the fact that even after many years of trying he is still unable to get his hand around the concept of “economic growth”.  I submit that he is in very good company; for the (more…)

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