Suchergebnisse

This paper presents a quantitative analysis of adjustment
programmes. This is done by charting changes in various performance
indicators fonowing the receipt of the first adjustment loan, and by
further contrasting the results with those for the comparator group of
countries that did not receive adjustment loans. h is found that the
average decline in the GOP growth rate in the loan-recipient countries
was less than in the comparator groups. Similar results were obtained in
regard to per capita GOP. At the same time, in both cases, a majority of
loan-recipient countries experienced an improvement in their relative
position vis-d-vis the nonrecipient s. It is further apparent that the
loan-recipient countries made an adjustment effort in the period
following the fIrst loan. To begin with, economic expansion was
concentrated in the traded goods sectors, industry and agriculture, both
of which experienced an improvement in the loan-recipient countries
relative to the comparator groups. Also, the growth of consumption
declined substantially in absolute terms as well as relative to the
non-recipient countries. In turn, an acceleration is observed in the
growth of investment that holds the promise for future economic
growth.

This paper explores market distortions produced by import protection, export subsidies, labour and exchange rate policies in some countries of Latin America (Argentina, Brazil, Chile and Colombia), Africa (Tunesia and Ivory Coast) and Asia (Indonesia, Pakistan and South Korea), and the interaction of these distortions in respect of the developing strategies applied

In an examination of the effects of distortions in agricultural incentives, based on secondary analysis of World Bank & other international statistical data, it is concluded that lowering agricultural protection in industrial & European countries, while reducing industrial protection in developing countries, would contribute to economic welfare overall by improving resource allocation in world agriculture as well as in world industry. These conclusions point to the desirability of multilateral trade negotiations that would permit simultaneous changes in policies. 4 Tables, 13 References. Modified HA

Summary in English. Projections through 1993, based on data for 1973 and 1983.