Colombia: economic adjustment and the poor.: An article from: Finance & Development
Book Details
Author(s)Claire Liuksila
PublisherInternational Monetary Fund
ISBN / ASINB00091Y8TO
ISBN-13978B00091Y8T6
MarketplaceIndia 🇮🇳
Description
This digital document is an article from Finance & Development, published by International Monetary Fund on June 1, 1992. The length of the article is 1724 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Colombia implemented a stringent program of economic reform in the mid-1980s to stabilize the deteriorating economy. This program required the adoption of tight monetary and fiscal policies, a large devaluation of the exchange rate, and the liberalization of foreign trade so that the country could raise its living standards in both the short and the long run. One negative consequence of the program, however, was that it could hurt lower-income groups in the short run. To protect the poor while the country was undergoing the difficult process of economic restructuring, the Colombian government adopted wage policies that would protect the real earnings of low-income groups, exempted all food items from the import surcharge, and developed antipoverty programs. Available information suggests that Colombia's program succeeded in protecting the lower middle class and the working poor.
Citation Details
Title: Colombia: economic adjustment and the poor.
Author: Claire Liuksila
Publication:Finance & Development (Magazine/Journal)
Date: June 1, 1992
Publisher: International Monetary Fund
Volume: v29 Issue: n2 Page: p40(2)
Distributed by Thomson Gale
From the supplier: Colombia implemented a stringent program of economic reform in the mid-1980s to stabilize the deteriorating economy. This program required the adoption of tight monetary and fiscal policies, a large devaluation of the exchange rate, and the liberalization of foreign trade so that the country could raise its living standards in both the short and the long run. One negative consequence of the program, however, was that it could hurt lower-income groups in the short run. To protect the poor while the country was undergoing the difficult process of economic restructuring, the Colombian government adopted wage policies that would protect the real earnings of low-income groups, exempted all food items from the import surcharge, and developed antipoverty programs. Available information suggests that Colombia's program succeeded in protecting the lower middle class and the working poor.
Citation Details
Title: Colombia: economic adjustment and the poor.
Author: Claire Liuksila
Publication:Finance & Development (Magazine/Journal)
Date: June 1, 1992
Publisher: International Monetary Fund
Volume: v29 Issue: n2 Page: p40(2)
Distributed by Thomson Gale
