Search Results - "microeconomic reform"

[Comment on] Fitzgerald, E.V.K. Private sector investment and savings behavior: the policy implications of capital account disaggregation by Malik, Sohail

“…After a prolonged period of macroeconomic adjustment, lasting at least a decade in most LDCs, much has been learned (and in many cases re-learned) and a consensus reached about many key policy points, such as the virtues of budgetary balance, the need for a strong real exchange rate, and the requirement for microeconomic reforms if markets are to work properly. To a considerable extent, moreover, there has been success in closing current account deficits, reducing government expenditure and moderating rates of inflation. …”
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