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

Author/Editor:

Calvin A McDonald ; Christian Schiller ; Gerd Schwartz ; Marijn Verhoeven ; Sanjeev Gupta ; Željko Bogetic

Publication Date:

June 1, 1998

Electronic Access:

Free Full text (PDF file size is 1203 KB).Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Papers on Policy Analysis and Assessment No. 98/7

Subject(s):

English

Publication Date:

June 1, 1998

ISBN/ISSN:

9781451971408/1934-7456

Stock No:

PPIEA0071998

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

32

Please address any questions about this title to publications@imf.org