Hostname: page-component-848d4c4894-nmvwc Total loading time: 0 Render date: 2024-07-07T23:05:23.351Z Has data issue: false hasContentIssue false

Structural Adjustment Issues in Papua New Guinea

Published online by Cambridge University Press:  01 January 2023

John Lodewijks
Affiliation:
School of Economics, University of New South Wales
Diane Enahoro
Affiliation:
School of Economics, University of New South Wales
George Argyrous
Affiliation:
School of Economics, University of New South Wales

Abstract

Poor economic performance and the Bougainville mine closure have focused attention in PNG on the appropriate stabilization package and micro policies necessary to improve the country’s economic prospects. A package of structural adjustment “reforms”, strongly supported by the IMF and World Bank, have been introduced. This paper examines the applicability and desireability of implementing these “reforms”. Our paper suggests that PNG might profitably explore some alternative development options to the ones currently in vogue.

Type
Research Article
Copyright
Copyright © The Author(s) 1991

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Australian International Development Assistance Bureau 1990a. Papua New Guinea: Economic Situation and Outlook. International Development Issues No. 11. March.Google Scholar
Australian International Development Assistance Bureau. 1990b. Structural Adjustment in Papua New Guinea. Supplementary Submission to the Joint Committee on Foreign Affairs, Defence and Trade Enquiry into Australia’s Relations with PNG. July.Google Scholar
Behrman, J.R., Deolalikar, A.B. 1990. “The Impact of Macroeconomic Adjustment on the Poor and the Social Sectors: The Analytical Basis, Empirical Evidence, and a Case Comparison” Department of Economics, University of Washington, Seattle, Discussion Paper # 90–03, January pp. 134.Google Scholar
Coats, A.W., (ed.) 1986. Economists in International Agencies. New York. Praeger.Google Scholar
Corbo, V., Goldstein, M., Khan, M., (eds). 1987. Growth-Oriented Adjustment Programs. IMF and World Bank, Washington D.C.Google Scholar
Diamond, J. 1990. “Government Expenditure and Growth”. Finance and Development. Vol.27 No.4. December, pp.3436.Google Scholar
Diaz-Alejandro, C. 1985. “Good-bye Financial Repression, Hello Financial Crash”. Journal of Development Economics. 19. pp.124.Google Scholar
Edwards, S. 1989a. “Structural Adjustment Policies in Highly Indebted Countries” in Sachs, J.D. (ed.) Developing Country Debt and Economic Performance, Chicago, University of Chicago Press, Vol. I pp.159207.Google Scholar
Edwards, S. 1989b. “Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries” NBER Working Paper No. 2908, March.Google Scholar
Edwards, S. 1989c. “the International Monetary Fund and the Developing Countries: A Critical Evaluation” NBER Working Paper No. 2909, March.CrossRefGoogle Scholar
Edwards, S. 1989d. “Real Exchange Rates in the Developing Countries: Concepts and Measurement” NBER Working Paper No. 2950, April.Google Scholar
Edwards, S. 1989e. “On the Sequencing of Structural Reforms” NBER Working Paper No. 3138, October.Google Scholar
Edwards, S. 1989f. Real Exchange Rates, Devaluation, and Adjustment. Cambridge. MIT Press.Google Scholar
Edwards, S, Edwards, A.C. 1990. “Labour Market Distortions and Structural Adjustments in Developing Countries” NBER Working Paper No. 3346, May.Google Scholar
Fallick, L 1990. “Structural Adjustment: The World Bank and IMF in PNG” Centre for South Pacific Studies Seminar, University of N.S.W., May 16.Google Scholar
Grossman, G.M., Helpman, E. 1989. “Comparative Advantage and Long-Run Growth” NBER Working Paper no. 2809, January.Google Scholar
Hastings, P. 1990. “PNG: The Crisis that $40 million cannot solve” Sydney Morning Herald, January 18th p.11.Google Scholar
Helpman, E., Krugman, P.R. 1985. Market Structure and Foreign Trade. Cambridge. MIT Press.Google Scholar
International Monetary Fund, undated. Ten Popular Misconceptions about the IMF. External Relations Department. Washington D.C.Google Scholar
Krueger, A.O. 1990. “Government Failures in Development”. NBER Working Paper No. 3340. April pp. 124.Google Scholar
Landell-Mills, Joslin 1989. Helping the Poor: The IMF’s New Facilities for Structural Adjustment. July. Washington, D.C.Google Scholar
Lodewijks, J., 1988. “Employment and Wages Policy in PNG”, Journal of Industrial Relations, September, pp.381411.CrossRefGoogle Scholar
Lodewijks, J., Zerby, J. (eds.). 1989. Recent Developments in the South Pacific Island Economies, CAER, University of N.S.W., Chapter 3.Google Scholar
Mannur, H.G., Islam, N. 1990. “PNG’s Current Economic Crisis and the Need for Structural Adjustment Policies: A Critical Examination”. Paper presented at the 19th Conference of Economists, University of N.S.W., 24–27 September.Google Scholar
McGavin, P.A. 1990. Enterprise Human Capital Formation: PNG Case Studies and Policy Issues. Institute of National Affairs. Port Moresby. October.Google Scholar
Pastor, M. Jr. 1987a. The International Monetary Fund and Latin America. Boulder. Westview.Google Scholar
Pastor, M. Jr. 1987b. “The Effects of IMF Programs in the Third World: Debate and Evidence from Latin America” World Development. Vol.15 No.2 pp.249262.Google Scholar
Public Employees Association of PNG. 1990a. “Rationalization with a Human Face”. Submission to the Government on Structural Adjustment. February. pp. 132.Google Scholar
Public Employees Association of PNG. 1990b. Submission to the Government (“Razor Gang”) on Structural Adjustment, March, pp.116.Google Scholar
Richardson, J. David “Empirical Research on Trade Liberalization with Imperfect Competition: A Survey”, NBER Working Paper No. 2883. March, pp.147.Google Scholar
Sheahan, John 1980. “Market-Oriented Economic Policies and Political Repression in Latin America” Economic Development and Cultural Change. 28:2 January pp.267291.Google Scholar
Sheahan, John 1987. Patterns of Development In Latin America: Poverty, Repression and Economic Strategy. Princeton, Princeton University Press.Google Scholar
Taylor, Lance 1983. Structuralist Macroeconomics: Applicable Models for the Third World. New York, Basic.Google Scholar
Taylor, Lance 1988. Varieties of Stabilization Experience: Towards Sensible Macroeconomics In the Third World. Oxford. Clarendon Press.Google Scholar
Thompson, H. 1990. “The Economic Causes and Consequences of the Bougainville Crisis”. Paper presented at the 19th Conference of Economists, University of N.S.W. 24–27 September.Google Scholar
Throsby, C.D., (ed.), 1987. Human Resource Development In the Pacific, Pacific Policy Papers No.3, National Centre for Development Studies, Australian National University, Canberra.Google Scholar
Turner, M. 1990. “Issues and Reforms in the PNG Public Service Since Independence”. Paper presented at the Australian Political Science Association Conference, University of Tasmania, 24–26 September, pp.122.Google Scholar
UNICEF. 1987. “Adjustment with a Human Face” in The State of the World’s Children. Oxford. Oxford University Press.Google Scholar
World Bank, 1989. PNG Forestry Sector: A Tropical Forestry Action Plan Review. Report No. 8031 — PNG. August 21.Google Scholar