Chapter
I DEBT CRISIS IN THE THIRD WORLD
1 THE OUTLOOK FOR DEVELOPMENT
2 EXTERNAL SHOCKS, ADJUSTMENT, AND INCOME DISTRIBUTION
3 LOSERS PAY REPARATIONS, OR HOW THE THIRD WORLD LOST THE LENDING WAR
II THE DEBT CRISIS AND COMMERCIAL BANKS
4 BACKGROUND TO THE DEBT CRISIS: STRUCTURAL ADJUSTMENT IN THE FINANCIAL MARKETS
5 SAFE PASSAGE THROUGH DIRE STRAITS: MANAGING AN ORDERLY EXIT FROM THE DEBT CRISIS
III STRUCTURAL ADJUSTMENT: SOLUTION OR PART OF THE PROBLEM?
6 WORLD BANK-SUPPORTED ADJUSTMENT PROGRAMS
7 ASSESSING STRUCTURAL ADJUSTMENT PROGRAMS: A SUMMARY OF COUNTRY EXPERIENCE
8 UNDERVALUATION, ADJUSTMENT, AND GROWTH
9 OLD WINE IN NEW BOTTLES: POLICY-BASED LENDING IN THE 1980s
IV STRUCTURAL ADJUSTMENT: IMPACT IN THE THIRD WORLD
10 SOCIAL COSTS OF ADJUSTMENT IN LATIN AMERICA
11 POLITICAL CHANGE AND ECONOMIC POLICY IN LATIN AMERICA AND THE CARIBBEAN IN 1988
12 THE DEMISE OF THE LABOR ARISTOCRACY IN AFRICA: STRUCTURAL ADJUSTMENT IN TANZANIA
13 FACING THE REALITIES OF THE DEBT CRISIS
14 FROM ADJUSTMENT WITH RECESSION TO ADJUSTMENT WITH GROWTH
15 FROM ADJUSTMENT AND RESTRUCTURING TO DEVELOPMENT
16 IS TO FORGIVE THE DEBT DIVINE?
17 FOREIGN LENDING AT THE BRINK
Debt Disaster?
：Banks, Government and Multilaterals Confront the Crisis
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