Structural Adjustment: Theory, Practice and Impacts

by Brown,Ed

• ISBN13: 9780415125215
• ISBN10: 0415125219
• eBook ISBN(s): 9781135099596
• Format: Hardcover
• Copyright: 2000-03-23
• Publisher: Routledge
• More Book Details

Summary

This volume examines the Structural Adjustment Programs of the International Monetary Fund and the World Bank and their wider implications in a development context. Focusing on Africa, Latin America and Asia, the book reviews the political, environmental, economic and social impacts of Structural Adjustment Programs and demonstrates the harsh effects they can have, which can undermine development.

Table of Contents

List of illustrations	ix
Notes on contributors	xi
Preface and prospectus	xiii
Abbreviations	xix
PART I Histories and theories of adjustment	1	(38)
Introduction	1	(2)
The long road to structural adjustment	3	(21)
Alfred B. Zack-Williams
ED Brown
Giles Mohan
Introduction	3	(1)
The post-colonial state and the imperative for reform	4	(7)
The debt crisis	11	(3)
The Bretton Woods Institutions, the Third World and the neo-liberal consensus	14	(5)
Conclusion	19	(5)
What is structural adjustment?	24	(15)
Bob Milward
Introduction	24	(1)
The development of structural adjustment	24	(2)
The role of the international financial institutions	26	(2)
The neo-classical paradigm	28	(5)
The policy options	33	(2)
Critique of the neo-classical model	35	(2)
Conclusion	37	(2)
PART II Adjustment in practice	39	(78)
Introduction	39	(2)
The macro-economic impacts of structural adjustment lending	41	(18)
Bob Milward
Introduction	41	(1)
General trends in economic performance	41	(1)
Policy reforms and outcomes	42	(16)
Conclusion	58	(1)
Social consequences of structural adjustment	59	(16)
Alfred B. Zack-Williams
Introduction	59	(1)
The effects of SAPs on poverty and well-being	60	(3)
Locating winners and losers	63	(1)
SAPs and the gender gap	64	(2)
Coping with adjustment	66	(3)
SAPs and poverty alleviation	69	(4)
Conclusion	73	(2)
Contested sovereignty and democratic contradictions: the political impacts of adjustment	75	(20)
Giles Mohan
Introduction	75	(1)
The state--market debate and the neo-liberal backlash	76	(4)
Contested autonomy: the politics of policy formulation	80	(5)
The paradoxes of implementing adjustment	85	(5)
The IFIs respond: the issue of governance	90	(3)
Conclusion: resistance and new political spaces	93	(2)
The environmental aspects of adjustment	95	(22)
Giles Mohan
Introduction	95	(1)
(Un)sustainable development, the ideology of science and SAPs	96	(3)
The political ecology of SAPs	99	(3)
The impacts	102	(4)
Case studies	106	(4)
Responses to environmental impacts	110	(5)
Ways ahead	115	(2)
PART III Alternatives to adjustment	117	(74)
Introduction	117	(2)
Tinkering with the system: adjusting adjustment	119	(26)
ED Brown
Introduction	119	(1)
Negotiating with Big Brother: conditionality or consensus?	120	(5)
The institutional debate	125	(14)
Conclusions: the post-Washington consensus?	139	(6)
The search for more radical alternatives	145	(26)
ED Brown
Introduction	145	(1)
The international dimension	146	(10)
Restructuring the socialist alternative	156	(5)
The state of the left today	161	(2)
The search for renewal	163	(8)
Social movements, the state and civil society	171	(20)
ED Brown
Grassroots economic strategies	173	(3)
The NGO-isation of the world	176	(4)
The left and the grassroots movements	180	(6)
Social movements and the wider political arena	186	(1)
Conclusion	187	(4)
Bibliography	191	(21)
Index	212