Search results for "Structural adjustment"

World Bank and the case for privatisation : development in Peru in the 1990s

2006

Sectoral Transformations in Neo-Patrimonial Rentier States: Tourism Development and State Policy in Egypt

2007

This article challenges claims that liberalising state regulated markets in developing countries may induce lasting economic development. The analysis of the rise of tourism in Egypt during the last three decades suggests that the effects of liberalisation and structural adjustment are constrained by the neo-patrimonial character of the Egyptian political system. Since the decline of oil rent revenues during the 1980s tourism development was the optimal strategy to compensate for the resulting fiscal losses. Increasing tourism revenues have helped in coping with macroeconomic imbalances and in avoiding more costly adjustment of traditional economic sectors. Additionally, they provided the p…

Politics, Economics and Tourism Development in Egypt: insights into the sectoral transformations of a neo-patrimonial rentier state

2008

This article challenges claims that liberalising state-regulated markets in developing countries may induce lasting economic development. An analysis of the rise of tourism in Egypt during the past three decades suggests that the effects of liberalisation and structural adjustment are constrained by the neo-patrimonial character of the Egyptian political system. Since the decline of oil-rent revenues during the 1980s tourism development has been the optimal strategy to compensate for the resulting fiscal losses. Increasing tourism revenues have helped in coping with macroeconomic imbalances and in avoiding more costly adjustment of traditional economic sectors. Additionally they provided th…

Local Powers and a Distant State in Rural Central African Republic

1997

‘The State Stops at PK 12’ – i.e. 12 kilometres from the capital, Bangui.The situation described by this statement, often heard in the Central African Republic, seems to conform to the objectives of the currently fashionable policies of decentralisation and structural adjustment – for example, to end ‘too much state’. However, the absence of the state in the rural areas of the CAR is so striking that the position in certain respects has almost reached the level of caricature. It also reflects the more general situation in other parts of the continent where the excesses of a centralised, over-staffed post-colonial regime can coexist perfectly with the pronounced absence in the rural areas of…

Latvia: Both Sides of the Economic Recovery Success Story

2016

Latvian social policy is close to the neoliberal model of the welfare state based on macroeconomic indicators of low welfare state spending, high income inequality, low minimum wage and low degree of decommodification. Latvia was among the first countries to be stung by the crisis in 2008. Key words became: austerity, fiscal consolidation and structural adjustment measures. A minimum social safety network was introduced to improve targeted social support. Funding from the European Social Fund was instrumental in mitigating unemployment, facilitating a large temporary works programme. Latvia joined the Euro zone in 2014 and is quite successfully returning loans. Such is one side of the succe…

Integración y transformación económica en África: potencial y limitaciones del Área de Libre Comercio Continental Africana

2021

In March 2018, the African Union gave way to the establishment of the African Continental Free Trade Area, the largest area of economic integration in the world by number of countries involved. As of June 2020, 54 out of 55 African Union member countries have already signed the agreement, thus showing an almost complete unanimity on this topic. AfCFTA comes up when industrialisation strategies and economic transformation in Africa seem to have taken over orthodox structural adjustment and post-adjustment approaches. AfCFTA aims to increase the scarce intra-African trade, boost economic transformation, create the regional value chains and help African firms to join the global value chains. I…