An overview is presented of structural adjustment and its impact within the Latin American continent. Three areas of reform are discussed: the liberalization of prices and markets; institutional reforms; and the privatization of land (and property rights) and the emergence of land markets. Contradictory effects of certain policies are highlighted. Three major concerns over structural adjustment policy in Latin American remain: the positive output versus the negative distributional effects; the long term positive growth potential versus the short term negative impact on rural poverty; and the need for a greater flexibility and country specificity of reform.
|Title of host publication||The 'market panacea': agrarian transformation in developing countries and former socialist economies|
|Place of Publication||London|
|Number of pages||14|
|Publication status||Published - 1 Jan 1997|