External Shocks and Policy Responses: The Asian Experience

Seiji Naya, D.H. Kim and W. James

Asian Development Review (ADR), 1984, vol. 02, issue 01, 1-22

Abstract: This article examines the impact of oil price increases and world recessions in the 1970s on the balance of payments of 12 developing countries in Asia. The analysis is in the long term. It views the current debt problems in the context of the turbulent world economy of the 1970s and of economic management within the countries. In doing so, it assesses the effectiveness of various policy responses of the Asian countries to challenges posed by the external shocks…

Date: 1984
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DOI: 10.1142/S0116110584000014

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