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Principal adjustment programs are reviewed unemployment insurance (UI) and related long-term programs for displaced workers, and trade adjustment assistance (TAA). None of these programs has had wide application in agriculture, although the current trade act contains a new program specifically...
Persistent link: https://www.econbiz.de/10005039148
This paper examines the structural adjustments induced as China moved from a planned economy that subsidized capital-intensive industry at the expense of agriculture to a nationally integrated market economy more fitting with China's underlying resource endowments. We argue that there were few...
Persistent link: https://www.econbiz.de/10005039149
Arguments for adjustment policies center on efficiency, equity and political economy considerations. The principal types of policies, targeted to individuals, firms or communities, are reviewed. A number of general issues relating to adjustment policies are identified.
Persistent link: https://www.econbiz.de/10005477149