Macroeconomic Policies for Structural Adjustment: Volume 247
Carlos Alfredo Rodríguez
Jan 1989 · World Bank Publications
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66
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About this ebook
A stable macroeconomic environment and a functioning market economy are two essential preconditions for successful structural adjustment. Macroeconomic stability requires a low fiscal deficit to support external balance and low inflation. Only under these conditions can a change in microeconomic incentives succeed in developing resources to their most productive uses.
A stable macroeconomic environment and a functioning market economy are two essential preconditions for successful structural adjustment. Macroeconomic stability requires a low fiscal deficit to support external balance and low inflation. Only under these conditions can a change in microeconomic ...
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