Do World Bank and IMF Policies Work?

1. Front Matter

   Pages i-x

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2. Introduction

   1. Introduction

      • Shahrukh Rafi Khan

      Pages 1-12

3. Testing Hypotheses

   1. Front Matter

      Pages 13-13

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   2. Structural Adjustment, Aid, Debt and Growth

      • Shahrukh Rafi Khan

      Pages 15-31

   3. Devaluation and the Balance of Trade

      • Shahrukh Rafi Khan

      Pages 32-47

   4. Financial Sector Reform

      • Shahrukh Rafi Khan

      Pages 48-63

   5. Comparative Privatization Experience: Employee and Private Ownership

      • Shahrukh Rafi Khan

      Pages 64-84

   6. Structural Adjustment, Industrialization and Export Promotion

      • Shahrukh Rafi Khan

      Pages 85-109

4. Assessing Impact

   1. Front Matter

      Pages 111-111

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   2. Structural Adjustment, Labour and the Poor

      • Shahrukh Rafi Khan

      Pages 113-123

   3. Gender and Structural Adjustment

      • Shahrukh Rafi Khan

      Pages 124-137

   4. Structural Adjustment and Health

      • Shahrukh Rafi Khan

      Pages 138-153

   5. Trade Liberalization and the Environment

      • Shahrukh Rafi Khan

      Pages 154-168

   6. Structural Adjustment and Food Security

      • Shahrukh Rafi Khan

      Pages 169-189

   7. Summary and Conclusion

      • Shahrukh Rafi Khan

      Pages 190-194

5. Back Matter

   Pages 195-197

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The term 'structural adjustment' has been associated with rioting as angry and hungry masses protest food price increases due to subsidy cuts or due to other structural adjustment conditions prescribed by the IMF and the World Bank. Structural adjustment, and the neo-liberal paradigm that underlies it, is now the dominant economics paradigm practised by developing countries. The main purpose of the book is to rely on evidence and to go beyond rhetoric, ideology and anecdotes in assessing structural adjustment in Pakistan and the developing world more generally to examine how reform can be combined with pragmatism and social justice.

• Developing Countries
• IWF
• World Bank

'This book presents a timely analysis, at once empirical, comprehensive and balanced, of the impact of structural adjustment policies in Pakistan. It is very important as the juggernaut of structural adjustment rolls across lagging countries, that we keep improving our empirical understanding of what this is doing to economic growth, industrialization, indigenous capital formation, and human development. Dr. Khan's volume will serve as an indispensable resource for all students of the Pakistani economy.' - M.Shahid Alam, Professor of Economics, Department of Economics, Northeastern University, Boston

• Sustainable Development Policy Institute, Islamabad, Pakistan

  Shahrukh Rafi Khan

Shahrukh Rafi Khan is Executive Director of Sustainable Development Policy Institute in Islamabad, Pakistan.

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