Proceedings of the 2013 International Conference on Information, Business and Education Technology (ICIBET 2013)

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Analysis of the results of structural adjustment program on Algerian economy

Authors
Mekarssi Lemya, Kaijun Yang
Corresponding Author
Mekarssi Lemya
Available Online March 2013.
DOI
10.2991/icibet.2013.133How to use a DOI?
Abstract

Before carrying out the structural adjustment program, the Algerian economy was struggling, characterized by dwindling foreign exchange reserves, rising foreign debt, dropping GDP growth rates, persistent budgetary deficits, high inflation, malaise the private sector areas of agriculture, construction and industry, rising unemployment, and supply and demand imbalances. To combat these fiscal and social problems, the fundamental pillars of the structural adjustment program were laid out in a May 1994 standby agreement.1 The fundamental objective of the structural reform program has been to restore growth, correct macroeconomic imbalances and improve economic efficiency. This paper tries to analyze the results of application of the structural adjustment program on overall economic balance. The findings of this study indicate that the results of the structural adjustment program at the level of the internal and external balances were mostly positive, but the positive results did not materialize without negative effects on the social side. This is not to say that structural adjustment program was wholly successful, as the amelioration in some economic indicators was actually due to favorable external factors (i.e. rising of oil prices in the international markets).

Copyright
© 2013, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2013 International Conference on Information, Business and Education Technology (ICIBET 2013)
Series
Advances in Intelligent Systems Research
Publication Date
March 2013
ISBN
10.2991/icibet.2013.133
ISSN
1951-6851
DOI
10.2991/icibet.2013.133How to use a DOI?
Copyright
© 2013, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

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TY  - CONF
AU  - Mekarssi Lemya
AU  - Kaijun Yang
PY  - 2013/03
DA  - 2013/03
TI  - Analysis of the results of structural adjustment program on Algerian economy
BT  - Proceedings of the 2013 International Conference on Information, Business and Education Technology (ICIBET 2013)
PB  - Atlantis Press
SP  - 620
EP  - 626
SN  - 1951-6851
UR  - https://doi.org/10.2991/icibet.2013.133
DO  - 10.2991/icibet.2013.133
ID  - Lemya2013/03
ER  -