Conditionality and adjustment in South East Asia and Latin America

Gunatilaka, Ramani and Marr, Ana (1998) Conditionality and adjustment in South East Asia and Latin America. In: Aid and the Political Economy of Policy Change. Routledge, London / New York, pp. 53-84. ISBN 978-0-415-18705-3 (paperback), 978-0-415-18704-6 (hardback), 978-0-203-44653-9 (electronic)

Abstract

In this chapter, the authors provide a detailed look at the adjustment experiences of two important regions, examining the role which conditionality played in those experiences.
There are particular reasons for choosing these regions. There has been remarkably little discussion of adjustment in South-East Asia eventhough it is regarded as possessing very flexible economies. With the exception of Philippines, theirs was a largely silent adjustment and a highly successful too. Latin America is different. Until the early 1980s, many Latin American countries had inflexible policies and economies, resistant to the new doctrines of adjustment (although Chile was an early exception). Over the last decade and a half, however, there has been a major reversal in attitudes to economic management, as well as some recovery in economic fortunes.

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