Full Text Available

Note: Clicking the button above will open the full text document at the original institutional repository in a new window.

International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey

This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the...

Full description

Saved in:
Bibliographic Details
Main Author: Farag, Sara
Format: Thesis
Published: AUC Knowledge Fountain 2022
Subjects:
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1867613421677051904
access_status_str Open Access
author Farag, Sara
author_browse Farag, Sara
author_facet Farag, Sara
author_sort Farag, Sara
collection Thesis
description This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the policy reforms conditionality or to pre-existent country features. The three main pillars of policy conditions discussed in this thesis are 1. Government Expenditure Reforms, 2. External Sector Reforms, and 3. Financial Sector Reforms. My hypothesis is that, although pre-existent country features may have had an impact on the levels of inequality a populace faces, the role of funding assistance sponsored by the IMF will act as a significant catalyst deteriorating the conditions that are already in place. Out of the three main policy pillars I hypothesise that government expenditure reforms and financial sector reforms will have the most significant impact on income distribution, as they are the two pillars that are most likely to directly impact the poorest segments of the populace. My findings suggest that the neo-liberal structural reform policies that the IMF imposed upon the chosen emerging markets had an overall negative impact on income equality, as evident in the Colombian and Egyptian case. The Turkish case also reinforced this conclusion since, as the Turkish government abstained from implementing one of the main three pillars of conditionality, the levels of income inequality in the country improved on the longer run.
format Thesis
id oai:fount.aucegypt.edu:etds-2922
institution American University in Cairo (Egypt)
last_indexed 2026-06-10T12:35:53.165Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from AUC Knowledge Fountain — bepress
publishDate 2022
publishDateRange 2022
publishDateSort 2022
publisher AUC Knowledge Fountain
publisherStr AUC Knowledge Fountain
record_format dspace
source_str AUC Knowledge Fountain — bepress
spelling oai:fount.aucegypt.edu:etds-2922 International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey Farag, Sara This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the policy reforms conditionality or to pre-existent country features. The three main pillars of policy conditions discussed in this thesis are 1. Government Expenditure Reforms, 2. External Sector Reforms, and 3. Financial Sector Reforms. My hypothesis is that, although pre-existent country features may have had an impact on the levels of inequality a populace faces, the role of funding assistance sponsored by the IMF will act as a significant catalyst deteriorating the conditions that are already in place. Out of the three main policy pillars I hypothesise that government expenditure reforms and financial sector reforms will have the most significant impact on income distribution, as they are the two pillars that are most likely to directly impact the poorest segments of the populace. My findings suggest that the neo-liberal structural reform policies that the IMF imposed upon the chosen emerging markets had an overall negative impact on income equality, as evident in the Colombian and Egyptian case. The Turkish case also reinforced this conclusion since, as the Turkish government abstained from implementing one of the main three pillars of conditionality, the levels of income inequality in the country improved on the longer run. 2022-04-01T07:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/1895 https://fount.aucegypt.edu/context/etds/article/2922/viewcontent/Final_Thesis_Sara_Farag_900100704_International_Financial_Assistance_and_Inequality_in_Emerging_Markets.pdf Theses and Dissertations AUC Knowledge Fountain IMF Inequality Egypt Turkey Colombia Structural Reforms Emerging Markets Growth and Development International Economics International Relations Political Economy
spellingShingle IMF
Inequality
Egypt
Turkey
Colombia
Structural Reforms
Emerging Markets
Growth and Development
International Economics
International Relations
Political Economy
Farag, Sara
International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title_full International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title_fullStr International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title_full_unstemmed International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title_short International Financial Assistance and Inequality in Emerging Markets: Colombia, Egypt and Turkey
title_sort international financial assistance and inequality in emerging markets colombia egypt and turkey
topic IMF
Inequality
Egypt
Turkey
Colombia
Structural Reforms
Emerging Markets
Growth and Development
International Economics
International Relations
Political Economy
url https://fount.aucegypt.edu/etds/1895
https://fount.aucegypt.edu/context/etds/article/2922/viewcontent/Final_Thesis_Sara_Farag_900100704_International_Financial_Assistance_and_Inequality_in_Emerging_Markets.pdf
work_keys_str_mv AT faragsara internationalfinancialassistanceandinequalityinemergingmarketscolombiaegyptandturkey