5 The Establishment of Social Safety Nets and the Implications for Macroeconomic and Structural Adjustment


My presentation will touch on four basic issues as they affect low-income groups in developing and transforming economies: the need for macroeconomic and structural adjustment; the implications of adjustment; the mix of adjustment policies and social safety nets that can moderate the short-run negative impact of adjustment; and finally, the implications of social safety nets for macroeconomic imbalances and adjustment.

Proceedings of the Seminar Coordination of Structural Reform and Macroeconomic Stabilization, Washington, D.C., June 17-26, 1993