• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to project page

2000 Fiscal Year Final Research Report Summary

STRATEGIC REBUILDING by the WORLD BANK in STRUCTURAL ADJUSTMENT and TRANSITION POLICIES

Research Project

Project/Area Number 10630061
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field 経済政策(含経済事情)
Research InstitutionNihon Fukushi University

Principal Investigator

MOHRI Ryoichi  Professor Faculty of Economics, Nihon Fukushi University, 経済学部, 教授 (00113093)

Project Period (FY) 1998 – 2000
KeywordsWorld Bank / IMF / Structural Adjustment Policy / Transition / Globalization / HIPC Initiative / International Financial Crisis / Reform of International Financial Architecture
Research Abstract

Globalization in the 1990s can be characterized as (a) worldwide financial integration rather than direct investments by multinational corporations, (b) financial globalization has been proceeded with innovation in information and communication technology and IMF/World Bank support, (c) the rapid spread of privatization and transition to market economy, (d) the revival of the US hegemony and globalization of so-called American standard, and (e) the polarization of the world into "the rich and fast, " and "the poor and slow."
Major findings are the followings :
First, the structural adjustment policies implemented by the World Bank and IMF have had mixed results. In Latin American countries in 1990s, debt reduction of Brady initiative and privatization of state enterprises brought huge inflow of foreign direct investment and contributed to economic growth instead of "lost decade" in the 1980s, while the income distribution between the rich and the poor was enlarged. But in low income coun … More tries especially of Sub-Sahara Africa, structural adjustment policies have had few effects to improve the living standard of people.
Second, the rapid transition strategy for Central/Eastern Europe and former Soviet Union by IMF/World Bank brought hyper-inflation and steep drop in production. Central Europe saw the economic recovery with foreign direct investments there, but Russia has been in economic chaos mainly owing to the lack of institutional buildup in which the market economy works, whose importance IMF/World Bank ignored in early period of transition.
Third, East Asian economy stopped booming-up in 1997 owing to the currency/financial crisis. The lesson we learned is that financial liberalization in small open economies with no prudent regulation puts them in vulnerable position through huge inflow and outflow of short-term capital. In addition to the lack of preventive measures, IMF/World Bank forced the crisis countries to adopt belt tightening policies as well as structural adjustment policies which will take several years. The economic conditions were made worse, and the crisis spread into socio-political field in the area as well as world-wide.
Four, from the points mentioned above IMF/World Bank must be restructured to human-faced ones. Structural adjustment policies and transition assistance should take the diversity and indigeneous conditions of assisted area into consideration, respect the ownership of people and civil society. Less

  • Research Products

    (12 results)

All Other

All Publications (12 results)

  • [Publications] 毛利良一: "世界銀行における開発経済学の展開-1990年代の『世界開発報告』を中心に"名古屋大学大学院国際開発研究科Discussion Paper. No.65. 1-45 (1998)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "アジア通貨危機・金融危機と『日本モデル』『東アジア・モデル』の再検討"『転換期の日本経済を検証する』日本福祉大学福祉社会開発研究所. 103-129 (1998)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "アジア経済危機とIMF・世界銀行"経済. 4月号. 111-124 (1999)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Ryoichi MOHRI: "Japan's Troubled Economy : The Impact on East Asia"Asian Perspective. Vol.23,No.2. 57-82 (1999)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "アジア経済再生への模索-IMF・世界銀行の支援による経済改革の功罪"日本福祉大学経済論集. 19号. 51-94 (1999)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "国際金融システム改革の主要課題-アジア経済危機から21世紀システムへ"日本福祉大学経済論集. 20号. 23-66 (2000)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "重債務貧困国向け債務削減イニシアティブ"日本福祉大学経済論集. 21号. 1-43 (2000)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "ロシア・中東欧の市場経済移行とIMF・世界銀行"日本福祉大学経済論集. 22号. 1-39 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "グローバリゼーションと国家/コメント"立命館大学国際地域研究所国際シンポジウム報告集. (印刷中). (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "ロシアの市場移行に対する国際支援"比較経済体制研究. 8号(印刷中). (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 毛利良一: "グローバリゼーションとIMF・世界銀行"大月書店. xii+376p. (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] スーザン・ジョージ: "『ルガノ秘密報告 グローバル市場経済生き残り戦略』(監訳)"朝日新聞社. 297 (2000)

    • Description
      「研究成果報告書概要(和文)」より

URL: 

Published: 2002-03-26  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi