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Published in:
1993 | OriginalPaper | Chapter
Fiscal Issues in Adjustment Programs
Author : Vito Tanzi
Published in: Fiscal Issues in Adjustment in Developing Countries
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Because of large macroeconomic disequilibria characterized by inflation, balance of payments difficulties, and increasing debt obligations, in recent years many countries have adopted economic programs aimed at “adjusting” their economies. By and large, adjustment has aimed at reducing the rate of inflation, improving the balance of payments, and promoting economic growth.