Examines the experience of structural adjustment in Southern Asia, from the point of view of selected countries and the theory behind its application. It asks the question: is further liberalization, privatization and opening of markets the way forward?

Adjustment and Beyond: The Reform Experience in South Asia examines the experience of structural adjustment from the point of view of selected countries and the theory behind its application. Are further liberalization, privatization and opening of markets the way forward?

Preface - Acknowledgements - Abbreviations and Acronyms - Notes on the Contributors - Introduction: W.Mahmud - PART I: COUNTRY OVERVIEWS - The Indian Economy: Looking Ahead
I.J.Ahluwalia - Macroeconomic Reforms in India: Short-tern Effects and Long-run Implications
D.Nayyar - Bangladesh: Structural Adjustment and Beyond
W.Mahmud - Structural Adjustment, Employment and Poverty in Pakistan
A.R.Kemal - Slow Adjustment and Faster Growth in Sri Lanka
G.Uswatte-Aratchi - PART II: GLOBALIZATION AND DEVELOPMENT MACROECONOMICS - Which Macroeconomic Policies are Sound?
M.Dailami &
N.U.Haque - Theoretical Premises of Structural Adjustment: A Critique
P.Patnaik - Capital Surges, Investment Instability and Income Distribution after Financial Liberalization
E.V.K.FitzGerald - Boom and Bust in Capital Flows to Developing Countries
P.Nunnenkamp - Trade in the 2000s: New Rules, New Preferences, New Priorities
S.Page - PART III: ADJUSTMENT AND POVERTY - Adjustment and Poverty in Asia: Old Solutions and New Problems
F.Stewart - Growth and Poverty During Adjustment: The Lessons from Sub-Saharan Africa
S.R.Osmani - PART IV: SUSTAINABILITY OF REFORMS - Sequencing and the Sustainability of Adjustment in India
J.Toye - Missing Markets or Missing Institutions? The Sustainability of Reform
W.van der Geest - PART V: COMMENTS: BEYOND ADJUSTMENT AND EMERGING ISSUES - N.Islam - K.Hamada - D.Lai - A.Bagchi - Index of Names - Subject Index