Policy Responses to Exogenous Shocks in Developing Countries

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 2 in New Directions in the World Economy, 1989, pp 32-38 from Palgrave Macmillan

Abstract: Abstract This essay will report on the results of research on the policy responses of developing countries to exogenous (external) shocks in the 1973–8 and 1978–83 periods. It will further examine the economic performance of outward-oriented and inward-oriented developing countries in the light of the policies applied.

Keywords: Realistic Exchange Rate; Policy Response; External Shock; Import Substitution; Economic Growth Rate (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10588-5_2

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DOI: 10.1007/978-1-349-10588-5_2

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