For many developing countries the macroeconomic stabilization and adjustment experience of the eighties and nineties has been characterized by stagnating productivity and per capita income growth and low capacity utilization (particularly of labor) accompanied by increasing overall inequality. With the research focus on short-run macroeconomics, however, the problem is that with a few exceptions, little attention has been given to the dynamic adjustments of the economic structure of productivity, output and employment that took place in response to macro stabilization and market-oriented structural reform packages of trade liberalization adopted in many developing countries in the 1980s and 1990s.
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Paper provided by International Labor Office, International Migration- in its series Papers with number
14.
Length: 51 pages Date of creation: 1998 Date of revision: Handle: RePEc:ilo:ilaoim:14
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Find related papers by JEL classification: O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration