With the objective of designing and implementing more effective policies and programs in the light of external shocks, this paper assesses the impact of economic crisis and adjustment policies on basic economic and social concerns particularly on vulnerable income groups. The development path implied in this article is a strategy that is expansionary within the limits set by external finance and other policy considerations.
The Philippines: External Shocks, Adjustment Policies and Impact on Selected Development Concerns, 1973-1985
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