: Streamlining the state apparatus to reduce "red tape."
: Aligning domestic energy prices with market rates to reduce state-funded price gaps. 4. The Social and Political Impact GAZDASГЃGI KIIGAZГЌTГЃSOK 1.46
: While reforms aim to attract foreign direct investment (FDI), there is often a "wait-and-see" period where investors observe the political stability of the country before committing capital. : Streamlining the state apparatus to reduce "red tape
: Modifying the "rules of the game" in the economy, such as labor market flexibility, pension system sustainability, and the privatization of state-owned enterprises. 2. Theoretical Framework: The IMF/World Bank Model : Modifying the "rules of the game" in
For a "long piece" adjustment to be successful, it must move beyond simple cutting and toward .
: Ensuring that property rights and contracts are protected, which is the ultimate bedrock of economic stability.
Economic adjustment programs are typically triggered by "twin deficits" (fiscal and current account) or high inflation that threatens currency stability. The primary goals include: