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CHAPTER 36 Economic Growth in Developing and Transitional Economies
Economic Development: Sources and Strategies
Growth versus Development: The Policy Cycle
structural adjustment A series of programs in
developing nations designed to: (1) reduce the
size of their public sectors through privatization
and/or expenditure reductions, (2) decrease their
budget deficits, (3) control inflation, and (4)
encourage private saving and investment through
tax reform.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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