scholarly journals Macroeconomic Effects of Adjustment Lending in Pakistan

1994 ◽  
Vol 33 (4II) ◽  
pp. 1011-1031 ◽  
Author(s):  
Zafar Iqbal

During the 1970s and early 1980s, many developing countries faced macroeconomic problems, notably large fiscal deficits, vulnerable balance of payments positions, increasing inflation rates, lower rates of domestic savings, and as a consequence lower capital formation and economic growth rates. The major financial lending institutions, preeminently the W orId Bank and the International Monetary Fund (IMF), argue that the present macroeconomic problems in less developed countries (LDCs) are due to structural maladjustments-poor economic policies and weak institutions. Therefore, since 1980, these donor agencies have been proposing Structural Adjustment Programmes (SAPs) and Sectoral Adjustment Programmes (SECAPs) associated with Structural Adjustment Lending (SALs) and Sectoral Adjustment Lending (SECALs), respectively. These programmes focus on broader macroeconomic adjustment policies. The disbursement of SALs and SECALs are, how~ver, conditional upon the recipient countries adopting economic policies specified by the staff of the World Bank and the IMF.

1997 ◽  
Vol 36 (4II) ◽  
pp. 915-928 ◽  
Author(s):  
Azizur Rahman Khan

Since the beginning of the 1980s the less developed countries (LDCs) have been getting integrated with the global economy at a rapidly accelerating rate. The impetus for the process came from the need to make adjustment in the unsustainable imbalance in the external account that most of these countries experienced in the aftermath of the oil shocks of the 1970s and the declining demand for their exports due to the recession in the OECD countries during the 1980s. Many of these countries had to subject themselves to structural adjustment programmes at the behest of the multilateral donor agencies, led by the World Bank and the International Monetary Fund, who emphasised the urgency of reforming the protectionist trade regimes of these countries. Simultaneously, these countries came to realise the inefficiency of resource use fostered by their past strategy of import-substituting industrialisation (ISI) characterised by a trade and investment regime that enshrined overvalued exchange rates, quantitative import controls, high and non-uniform rates of effective protection, discrimination against export and strong impediments to foreign direct investment.


2017 ◽  
Vol 63 (1) ◽  
pp. 63-84
Author(s):  
Sheila Rai

The liberalisation dice of the globalisation game has been loaded in favour of developed countries. The recipe of Structural Adjustment Programme (SAP) prescribed by the World Trade Organization (WTO), International Monetary Fund (IMF) and other international economic institutions has proved detrimental to developing countries like India where poverty is pervasive and scarcity of basic amenities crippling. 1 The SAP syndrome has manifested in lockouts, industrial takeovers, closures, massive retrenchments and weakening/diluting of labour laws, etc. Service sectors such as hospitals and schools have also been adversely affected under pressures from international donor agencies. The unsavoury social and economic consequences on the marginal sections have therefore led to a series of protests and demonstrations. The struggle in all its complexities is both ideological and practical. Pressure to alter the pace and intensity of liberalisation, and change ‘scorecards’ of growth, security and redistribution have gained momentum. The propensity of the elite to coalesce with the predominant forces of globalisation and ignore the basic urges of the masses further adds to the complexities. Evidently, the cataclysmic change augured by global governance on the society, politics and economics is multifaceted. The response of the southern states, namely, India, to this crossfire between the dictates of the global institutions vis-à-vis the complexities of the protests and demands of the classes and masses has been critically analysed in this article. The ongoing attempts to assuage the brutal edges of poverty and provide security and protection are also scrutinised.


Author(s):  
S. M. Mutula

Governments in East and Southern Africa, like their counterparts in developing and developed world, are under increasing pressure from donor agencies and non-governmental organizations to improve service delivery to citizens and at the same time be able to demonstrate accountability and transparency in the management of public resources (International Records Management Trust, 2004). Most countries in East and Southern Africa, largely began to appreciate the importance of sound public record management practices during the 1980s and 1990s. This period experienced increased donor pressure especially from the World Bank and the International Monetary Fund (IMF) through their structural adjustment programmes (SAPS) that was exerted on the recipients of global donor funding in an attempt to remedy the economic hardships that characterise most developing countries including those in Africa. Structural Adjustment Programmes were meant to provide the best opportunity to implement public sector reforms in order to promote better use of public resources and enhance accountability by governments to their citizens (Wamukoya, 2000). To meet the accountability and transparency demands of the global donor agencies and also the need to meet the increasing demands by citizens for efficient delivery of services, governments worldwide are now taking advantage of the revolution that is taking place in information and communications technologies especially the Internet, the personal computer, the mobile phone, and other modern communication devices. The concept of e-government in its simplest form is now the catchword that is increasingly being used to imply the delivery of government services online. Heeks (2002) defines e-government as the use of information and communication technologies (ICTs) to improve the activities of public sector organisations. E-government is claimed as an efficient means to streamline public sector functions and increase citizen participation in the running of public affairs (Wamukoya, 2000). Governments in East and Southern Africa like their counterpart in a developed world, are increasingly turning to e-government to streamline public sector functions and increase citizen participation in the running of public affairs (Wamukoya, 2000). However, in an attempt to implement e-government projects, countries in East and Southern Africa face numerous challenges such as lack of requisite skills and competencies in e-records management; lack of enabling policy and legislative framework; lack of standards and formal methodologies for managing e-record; and inadequate infrastructure.


2011 ◽  
pp. 1870-1881
Author(s):  
Stephen M. Mutula ◽  
Justus Wamukoya

Governments in East and Southern Africa, like their counterparts in developing and developed world, are under increasing pressure from donor agencies and non-governmental organizations to improve service delivery to citizens and at the same time be able to demonstrate accountability and transparency in the management of public resources (International Records Management Trust, 2004). Most countries in East and Southern Africa, largely began to appreciate the importance of sound public record management practices during the 1980s and 1990s. This period experienced increased donor pressure especially from the World Bank and the International Monetary Fund (IMF) through their structural adjustment programmes (SAPS) that was exerted on the recipients of global donor funding in an attempt to remedy the economic hardships that characterise most developing countries including those in Africa. Structural Adjustment Programmes were meant to provide the best opportunity to implement public sector reforms in order to promote better use of public resources and enhance accountability by governments to their citizens (Wamukoya, 2000). To meet the accountability and transparency demands of the global donor agencies and also the need to meet the increasing demands by citizens for efficient delivery of services, governments worldwide are now taking advantage of the revolution that is taking place in information and communications technologies especially the Internet, the personal computer, the mobile phone, and other modern communication devices. The concept of e-government in its simplest form is now the catchword that is increasingly being used to imply the delivery of government services online. Heeks (2002) defines e-government as the use of information and communication technologies (ICTs) to improve the activities of public sector organisations. E-government is claimed as an efficient means to streamline public sector functions and increase citizen participation in the running of public affairs (Wamukoya, 2000). Governments in East and Southern Africa like their counterpart in a developed world, are increasingly turning to e-government to streamline public sector functions and increase citizen participation in the running of public affairs (Wamukoya, 2000). However, in an attempt to implement e-government projects, countries in East and Southern Africa face numerous challenges such as lack of requisite skills and competencies in e-records management; lack of enabling policy and legislative framework; lack of standards and formal methodologies for managing e-record; and inadequate infrastructure.


2021 ◽  
Vol 3 (1) ◽  
pp. 121-127
Author(s):  
Oluwarotimi Oyeniyi Olaosebikan ◽  
Kehinde Oluyemisi Faniyi ◽  
Henry Muyiwa Babatunde

Popular music scholarship has tended towards romance, wealth accumulation. Adequate attention has not been paid to the contributions of popular music to fight against socio-economic inequalities of various forms in Nigeria. Inequalities of various forms are part of the realities of life across climes. However, challenges of socio-economic inequalities in Nigeria and other developing countries are particularly more problematic considering the ever-widening gap between the haves and have nots in these countries. While many of the advanced countries of the world have introduced several efforts to mitigate the effects of inequalities on their citizens through the introduction of social safety nets in the area of conditional cash transfer, housing and educational system, the same could not be said about Nigeria and other sub-Sahara countries. The introduction of the Structural Adjustment Programmes of 1986 and the concomitant retrenchment of welfare services in Nigeria has since, exacerbated socio-economic challenges in the country. In addition to the efforts of the constituted governments at various levels in Nigeria, several attempts are also being made between the country and the developed countries of the world both at multilateral and bilateral levels to combat the problem of socio-economic inequalities. This study, therefore, employed archival and library methods of data collection to thematically analyzed the roles of music in combating the ever-increasing socio-economic inequalities in Nigeria, using Sẹ́gun Akinlolú’s music, ‘Small Peoples’ Anthem’ as a point of reference. The study concludes that awareness of the populace about the menace of socio-economic inequalities and their various forms remains inadequate among Nigerians. Improved advocacy and deliberate government actions are viewed as a panacea to the problem of inequality in the country.


2018 ◽  
Vol 21 (1) ◽  
pp. 119-133
Author(s):  
Elżbieta Czarny ◽  
Małgorzata Żmuda

Competitiveness of a nation is associated with a set of characteristics that enable structural adjustment to global technological trends, and as a consequence, a rise in the living standard of its citizens. For catching-up economies, GDP convergence towards the most developed economies, constituting their developmental goal, relies upon its ability to shift production and exports structure towards specialization based on knowledge and innovation. Thus, in this paper, competitiveness is evaluated through structural adjustments of exports, and for catching-up economies (the EU–10 states) it may be understood as the ability to close the structural gap to the most developed countries (here: the strongest EU member economy: Germany). We analyse the evolution of the EU–10 nations’ exports specialization in the years 2000 and 2014, checking whether the convergence towards the German exports pattern can be observed, and which of the analysed economies shows the best ability to shift its exports structure towards high-tech specialization. We look additionally at exports structures in 2004 (the year of EU-accession of eight out of 10 countries in the sample) and in 2009 (world trade collapse during the economic crisis). The analysis is based on the Revealed Comparative Advantage (RCA) concept by Balassa (1965). We use the UN Trade Statistics data in the Standard International Trade Classification (SITC), Rev. 4. Commodity groups are classified following the methodology developed by Wysokińska (1997, p. 18).


1969 ◽  
Vol 10 (1) ◽  
pp. 133
Author(s):  
Jack Baranson ◽  
Harry G. Johnson

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