Structural adjustment has become the orthodox economic policy in developing countries. International financial institutions and the governments of the less developed countries play the major roles in determining the success of this restructuring. International institutions, through structural adjustment loans (SALs), provide both impetus and guidance to developing countries. The governments must provide a process of stabilization to precede structural adjustment, if it is to succeed. Economists and scholars in developmental, regional, and financial economics will find this work a fine addition to their research and collections.

The move to structural adjustment as the orthodox economic policy in developing countries in the 1980s and 1990s.

IntroductionWhat is Structural Adjustment? by James WeaverStructural Adjustment in the 1980sStructural Adjustment Lessons from the 1980s by Stanley FischerPolicy Reform in the 1980s by Lance TaylorStructural Adjustment in Latin AmericaPolicy Reform in Latin America in the 1980s by John WilliamsonChanging Production Patterns with Social Equity and Environmental Sustainability by Fernando FajnzylberStructural Adjustment in Sub-Saharan AfricaAfrican Adjustment Programs: False Attacks and True Dilemmas by Eliot BergWhy Structural Adjustment Failed in Africa by George AyitteyStructural Adjustment and EmploymentStructural Adjustment and the Labor Market by Norberto Garciá and Jaime MezzeraImplementation of Structural Adjustment ProgramsImplementation and Sustainable Adjustment: The Management of Policy Reform by Richard MoorePolicy Reform for the 1990sThe Political Economy of Reform by Paul StreetenDemocracy and Economic Growth by Stephan HaggardStructural Adjustment for the 1990s by Daniel M. Schydlowsky