The World Bank has been supporting structural adjustment in developing countries since the late 1940s. Initially, the support took the form of preparing and financing projects, especially in the area of infrastructure. By the late 1970s, however, it had become increasingly clear in many countries that correction of inappropriate policies could make a larger contribution to growth than additional investment could. Thus, when the second oil shock came...
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1992/02/29
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Publicação
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10499
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1
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1
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2010/07/01
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Adjustment lending revisited : policies to restore growth
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adjustment lending
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