Chapter6_Structural Adjustment Dvt Theory

Chapter6_Structural Adjustment Dvt Theory - adjustment:53PM...

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CHAPTER 6 – Development theory in the wake of structural  adjustment 15/09/09 9:53 PM Introduction 90s = Negative effects of structural adjustment (policy changes implemented  by the IMF since WWII) pointed out by the World Bank IIM  (Infant Industry Model) is coming back as a new efficient  developmental  state  theory o Popular among the left Alternative to neoclassical model Redeemed the state o Inefficient as shown by the 1997 Asian financial crisis World Bank evolving Increasing role for the state New elements in the economic development (such as environmental issues)  make free market less self-organizing Return of the state  New institutionalism implies that the state must intervene to regulate the  market What role for the state though? o Growth rate benefiting to the population o Bridging period of price control and other regulations, targeting needs for 
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This note was uploaded on 08/26/2010 for the course IDS 200 taught by Professor Pushkar during the Fall '10 term at McGill.

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Chapter6_Structural Adjustment Dvt Theory - adjustment:53PM...

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