Structural Adjustment and Sustainable Development

Lopez, Ramon

This paper provides empirical evidence showing that the crowding out phenomenon is indeed relevant for most developing countries and evidence suggesting that under investment in public goods is in many countries a major distortion that at least in part explains the triple curse affecting the vast majority of the developing countries over recent decades: Slow growth, massive social inequities and poverty, and environmental destruction.


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Initiative for Policy Dialogue
Initiative for Policy Dialogue
Initiative for Policy Dialogue Working Paper Series
Published Here
February 2, 2010


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