Structural adjustment comes to Europe: Lessons for the Eurozone from the conditionality debates
نام نخستين پديدآور
/ Scott Greer
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
This article argues that the Economic Adjustment Programmes (EAPs) that came with loans to peripheral Eurozone members Greece, Ireland, Portugal, and now Cyprus, are very similar to the loans with conditionality, also known as Structural Adjustment Programs, that international financial institutions used as a policy tool in the 1980s and 1990s. It defines structural adjustment programs and then shows how Eurozone rules plus the EAPs resemble them. It then canvasses the literature evaluating structural adjustment in the developing world in order to formulate expectations for its performance in Europe. The conclusions from the large literature on structural adjustment policies suggest that the EAPs will: be badly implemented; be neutral or bad for growth; be bad for equity and the poor; have unpredictable policy consequences; and will allow incumbent elites to preserve their positions. Preliminary evidence from the four peripheral countries confirms that the same problems are afflicting EAPs.
مجموعه
تاريخ نشر
, (2014)
توصيف ظاهري
, PP. 51– 71
عنوان
Global Social Policy
شماره جلد
, Vol. 14(1)
موضوع (اسم عام یاعبارت اسمی عام)
موضوع مستند نشده
Cyprus
موضوع مستند نشده
European Union
موضوع مستند نشده
Structural Adjustment
موضوع مستند نشده
Greece
موضوع مستند نشده
Ireland
موضوع مستند نشده
Portugal
موضوع مستند نشده
health
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )