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A political economy of market‐led structural adjustment. A case‐study of Fiji
Author(s) -
Cameron John
Publication year - 1993
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.3380050204
Subject(s) - dominance (genetics) , structural adjustment , independence (probability theory) , politics , economics , poverty , position (finance) , colonialism , development economics , political economy , economy , market economy , political science , economic growth , finance , law , biochemistry , chemistry , statistics , mathematics , gene
For Fiji, the decade after political independence in 1970 provided economic and political room for manoeuvre based upon leveling the uneven playing field of the colonial inheritance. But by the end of the 1970s, issues of post‐colonial macroeconomic imbalances and structural poverty were emerging. The economic debates of the 1980s opened up a range of policy choices. Only after the coups of 1987 did the IMF/World Bank Structural Adjustment approach gain dominance. The coups were in the interest of a chiefly group who are able to benefit from partial exposure to market forces— providing this exposure excludes land—a position accepted in IMF/World Bank recommendations.