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The decade of adjustment : a review of austerity trends 2010-2020 in 187 countries

Author

Listed:
  • Ortiz, Isabel,
  • Cummins, Matthew.
  • Capaldo, Jeronim.
  • Karunanethy, Kalaivani.

Abstract

Examines the latest IMF government spending projections for 187 countries between 2005 and 2020; (ii) reviews 616 IMF country reports in 183 countries to identify the main adjustment measures considered by governments in both high-income and developing countries; (iii) applies the United Nations Global Policy Model to simulate the impact of expenditure consolidation on growth and employment; (iv) discusses the threats of austerity to welfare and social progress; and (v) calls for urgent action by governments to adopt alternative and equitable policies for socio-economic recovery.

Suggested Citation

  • Ortiz, Isabel, & Cummins, Matthew. & Capaldo, Jeronim. & Karunanethy, Kalaivani., 2015. "The decade of adjustment : a review of austerity trends 2010-2020 in 187 countries," ILO Working Papers 994890453402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994890453402676
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    References listed on IDEAS

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    Cited by:

    1. Alex Izurieta & Pierre Kohler & Juan Pizarro, 2018. "Financialization, Trade, and Investment Agreements: Through the Looking Glass or Through the Realities of Income Distribution and Government Policy?," GDAE Working Papers 18-02, GDAE, Tufts University.
    2. Beesley Revol, 2018. "Fiscal Policy is Simply Instrument that Bring Money for Developing in Country," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 3(3), pages 101-113.
    3. Gassmann, Franziska & Mohnen, Pierre & Vinci, Vincenzo, 2016. "Institutional factors and people's preferences in social protection," MERIT Working Papers 2016-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Mihalyi, David & Mate, Akos, 2019. "Text-mining IMF country reports - an original dataset," MPRA Paper 100656, University Library of Munich, Germany.

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