Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia /

This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries-Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment....

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Bibliographic Details
Main Author: Verhoeven, Marijn
Other Authors: Gupta, Sanjeev, McDonald, Calvin, Schwartz, Gerd
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1998/007
Online Access:Full text available on IMF
Description
Summary:This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries-Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment. The current social policy measures adopted in the reform programs should provide significant social safety nets for the poor. However, if the social impact turns out to be larger than projected, it would be worthwhile to assess cost-effective and efficient alternatives for expanding social safety nets. The paper presents some options that could be considered.
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Physical Description:1 online resource (32 pages)
Format:Mode of access: Internet
ISSN:1934-7456
Access:Electronic access restricted to authorized BRAC University faculty, staff and students