IMF Policy Discussion Papers: Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia IMF Policy Discussion Papers: Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia

IMF Policy Discussion Papers: Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia

Marijn Verhoeven and Others
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Publisher Description

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.

GENRE
Politics & Current Events
RELEASED
1998
June 1
LANGUAGE
EN
English
LENGTH
32
Pages
PUBLISHER
INTERNATIONAL MONETARY FUND
SELLER
International Monetary Fund
SIZE
26
MB
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