ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Can the Market Do It-Economic Reform in an Uncertain World

Economic Reform in an Uncertain World B Gopalakrishna Kumar Both supporters and critics of the liberalisation policies of the eigh ties agree thai these occurred against a background of large macro-economic imbalances: a huge foreign debt liability, a barely sustainable balance of payments situation and growing fiscal deficits Although the threat of a default on loan obligations has now receded, short-term breathing space is still being provided by disbursements from the IMF on fulfilling various performance criteria laid down by the Fund.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top