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Index
Front Cover
Structural adjustment
Title
Copyright
Contents
List of illustrations
Notes on contributors
Preface and prospectus
Abbreviations
Part I Histories and theories of adjustment
Introduction
1 The long road to structural adjustment
Introduction
The post-colonial state and the imperative for reform
The debt crisis
The Bretton Woods Institutions, the Third World and the neo-liberal consensus
Conclusion
2 What is structural adjustment?
Introduction
The development of structural adjustment
The role of the international financial institutions
The neo-classical paradigm
The policy options
Critique of the neo-classical model
Conclusions
Part II Adjustment in practice
Introduction
3 The macro-economic impacts of structural adjustment lending
Introduction
General trends in economic performance
Policy reforms and outcomes
Conclusions
4 Social consequences of structural adjustment
Introduction
The effects of SAPs on poverty and well-being
Locating winners and losers
SAPs and the gender gap
Coping with adjustment
SAPs and poverty alleviation
Conclusions
5 Contested sovereignty and democratic contradictions: the political impacts of adjustment
Introduction
The state–market debate and the neo-liberal backlash
Contested autonomy: the politics of policy formulation
The paradoxes of implementing adjustment
The IFIs respond: the issue of governance
Conclusion: resistance and new political spaces
6 The environmental aspects of adjustment
Introduction
(Un)sustainable development, the ideology of science and SAPs
The impacts
Case studies
Responses to environmental impacts
Ways ahead
Part III Alternatives to adjustment
Introduction
7 Tinkering with the system: adjusting adjustment
Introduction
Negotiating with Big Brother: conditionality or consensus?
The institutional debate
Conclusions: the post-Washington consensus?
8 The search for more radical alternatives
Introduction
The international dimension
Restructuring the socialist alternative
The state of the left today
The search for renewal
9 Social movements, the state and civil society
Grassroots economic strategies
The NGO-isation of the world
The left and the grassroots movements
Social movements and the wider political arena
Conclusion
Bibliography
Index
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