Empirical Evidences of Impact of Structural Adjustments Progamme on Growth and Social Development

Abstract

The paper examines the empirical evidences of impact of structural adjustment programme(SAP) on growth and social development specifically on South-Asian countries. On the basis of various studies surveyed here it may be “concluded that that ‘stabilisation is a necessary but not sufficient condition” for growth. It is also equally true that the continuing success of any stabilisation effort would depend largely on quick resumption of growth, in the absence of which governments would find it difficult to sustain reforms and social development programmes.