MANUFACTURING OUTPUT, EMPLOYMENT AND REAL WAGES IN THE 1980S - LABORSLOSS UNTIL THE CENTURY END

During the 1980s most developing countries experienced sharp declines in manufacturing output and real wages, whilst their manufacturing sec tors were supposedly 'restructured' or made more competitive by having to confront market forces. This article examines the extent to which macroeconomic adjustment and industrial restructuring policies succeed ed in achieving their objectives.