© 1999

Do World Bank and IMF Policies Work?


Table of contents

  1. Front Matter
    Pages i-x
  2. Introduction

    1. Shahrukh Rafi Khan
      Pages 1-12
  3. Testing Hypotheses

    1. Front Matter
      Pages 13-13
    2. Shahrukh Rafi Khan
      Pages 15-31
    3. Shahrukh Rafi Khan
      Pages 32-47
    4. Shahrukh Rafi Khan
      Pages 48-63
  4. Assessing Impact

    1. Front Matter
      Pages 111-111
    2. Shahrukh Rafi Khan
      Pages 113-123
    3. Shahrukh Rafi Khan
      Pages 124-137
    4. Shahrukh Rafi Khan
      Pages 138-153
    5. Shahrukh Rafi Khan
      Pages 154-168
    6. Shahrukh Rafi Khan
      Pages 169-189
    7. Shahrukh Rafi Khan
      Pages 190-194
  5. Back Matter
    Pages 195-197

About this book


The term 'structural adjustment' has been associated with rioting as angry and hungry masses protest food price increases due to subsidy cuts or due to other structural adjustment conditions prescribed by the IMF and the World Bank. Structural adjustment, and the neo-liberal paradigm that underlies it, is now the dominant economics paradigm practised by developing countries. The main purpose of the book is to rely on evidence and to go beyond rhetoric, ideology and anecdotes in assessing structural adjustment in Pakistan and the developing world more generally to examine how reform can be combined with pragmatism and social justice.


Developing Countries IWF World Bank

Authors and affiliations

  1. 1.Sustainable Development Policy InstituteIslamabadPakistan

About the authors

Shahrukh Rafi Khan is Executive Director of Sustainable Development Policy Institute in Islamabad, Pakistan.

Bibliographic information


'This book presents a timely analysis, at once empirical, comprehensive and balanced, of the impact of structural adjustment policies in Pakistan. It is very important as the juggernaut of structural adjustment rolls across lagging countries, that we keep improving our empirical understanding of what this is doing to economic growth, industrialization, indigenous capital formation, and human development. Dr. Khan's volume will serve as an indispensable resource for all students of the Pakistani economy.' - M.Shahid Alam, Professor of Economics, Department of Economics, Northeastern University, Boston