Adjustment Policies in Developing Economies: a Reassessment

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 5 in Change and Challenge in the World Economy, 1985, pp 89-101 from Palgrave Macmillan

Abstract: Abstract In an earlier study, the author analysed policy responses to external shocks in the 1974–8 period in developing economies classified according to the character of these shocks; the level of industrialization, and trade policy.1 In the present essay, the experience of the 1973–6 and 1979–81 periods of external shocks will be compared for the same group of economies.

Keywords: Realistic Exchange Rate; External Shock; Import Substitution; Adjustment Policy; Trade Effect (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17991-6_5

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DOI: 10.1007/978-1-349-17991-6_5

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