Making Adjustment Work for the Poor

World Bank 01/1990

Posted: 20 Nov 2014

See all articles by Tony Addison

Tony Addison

United Nations University

Lionel Demery

World Bank

Marco Ferroni

Independent

Jeffery I. Round

University of Warwick

Date Written: 1990

Abstract

Adjustment is best considered as the implementation of comprehensive reforms of macro and micro policies, in response to various shocks, and to rectify inappropriate past policies that have hampered economic performance. These shocks have adversely affected the whole range of economic policy objectives, including the balance of payments, price stability, full employment, economic growth, the protection of the environment, and equity/poverty reduction. Shocks, whether internal or external, affect all policy objectives, and not simply the balance of payments, price stability, and growth which are the traditional focus. We are here concerned with how adjustment programs have affected the wider social objectives of governments, and especially poverty reduction.

Suggested Citation

Addison, Tony and Demery, Lionel and Ferroni, Marco and Round, Jeffery I., Making Adjustment Work for the Poor (1990). World Bank 01/1990, Available at SSRN: https://ssrn.com/abstract=2524301

Tony Addison (Contact Author)

United Nations University ( email )

Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland

Lionel Demery

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Marco Ferroni

Independent ( email )

Jeffery I. Round

University of Warwick ( email )

Coventry CV4 7AL
United Kingdom
(44) (1203) 523036 (Phone)
(44) (1203) 523032 (Fax)

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