Transforming the Bottom Line: Managing Performance With the

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Again IMF policies seem to work at cross-purposes: high interest rates are intended to generate funds for capital formation yet austerity prevents them from being directed to productive uses through public sector expansion, and devaluation makes imported investment goods more expensive for the private sector. The share of Class I towns or cities, with population size of 100,000 or more, has gone up significantly from 26 per cent in 1901 to 65 per cent in 1991. Most people live in marginal areas of cities in appalling conditions of poverty.

Pages: 232

Publisher: Harvard Business Review Press (October 1, 1996)

ISBN: 0875847463

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