The 1980s has been a decade of sharp adjustment and rising poverty
for most of the developing world. The oil crisis of the 1970s and
the recession of the 1980s set in motion a chain of events which
had particularly serious consequences for these areas. In this
text, the author examines the major causes and results of this
situation. The work includes: an examination of the relationship
between adjusting policies and poverty during the 1980s; an
assessment of the extent to which the situation was the result of
exogenous and/or endogenous policies; an analysis of the impact of
the IMF and World Bank macro-policies on adjusting countries - both
in theory and practice; a discussion of government tax and
expenditure policies - with particular focus on social sector
spending; an appraisal of other contributing factors; and
identification and assessment of improved policies for the future.
The book focuses on those areas where poverty was highest, namely,
Africa and Latin America. Experiences here are sharply contrasted
with those areas which were able to combine adjustment with
protection for the poor.
General
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