The Cambridge Group and the Developing Countries

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 4 in New Directions in the World Economy, 1989, pp 65-83 from Palgrave Macmillan

Abstract: Abstract The policy prescriptions of the Cambridge Economic Policy Group (CEPG) for the United Kingdom are well known. They involve all-round protection of British industry that would allegedly permit reaching simultaneously higher output levels, lower unemployment rates, and lower inflation rates. Since first presented in February 1975, the views of the Cambridge Group have been several times and have been repeatedly subjected to criticism.1

Keywords: Real Exchange Rate; External Shock; Import Substitution; Policy Prescription; Manufacture Export (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_4

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DOI: 10.1007/978-1-349-10588-5_4

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