The Political Feasibility Of Adjustment In Developing Countries

The Influence of the Media

This title was first published in 2003. Hammouda's text focuses on modernization experiences in the South which, in the 80s had reached their limits, with the adoption of structural adjustment programmes in most countries. Yet, such Washington Consensus inspired programmes met difficulties in initiating new growth dynamics in these countries and in improving their international insertion. Hence, a new era termed post-adjustment by the author has been ushered in, one which is characterized by a decline of structural adjustment programmes and through dynamic and plural research, is striving to introduce new theoretical practices and development strategies. This book is a contribution to such debate.

Adjustment programs will fail when they do not recognize the interdependence of the three criteria of efficiency, welfare, and political feasibility. These programs must be tailored to both the political and economic environments of each country.