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Structural Adjustment, Stabilization Policies And The Poor In Egypt, Karima Korayem
Structural Adjustment, Stabilization Policies And The Poor In Egypt, Karima Korayem
Faculty Books
Structural adjustment and stabilization agreements between Egypt and the International Monetary Fund and the World Bank were signed in 1991. The two agreements are referred to as the economic reform and structural adjustment program (ERSAP). To examine the impact of ERSAP on Egypt's poor , one has to define, first, who are the poor and what is their relative share in the population. The negative impact of ERSAP on the society as a whole will be less harmful if absolute and relative poverty are small in Egypt. ERSAP affects the poor through three channels: prices, incomes, and the provision of …