The Developing Countries

Ronald Findlay

Chapter 11 in The European Community after 1992, 1992, pp 214-228 from Palgrave Macmillan

Abstract: Abstract Assessing the impact of the projected “single market” for the European Community in “EC92” on the economic situation and performance of the less developed countries (LDCs) considered as a group is the task of this paper. Logically, this requires first that one estimates the nature and magnitude of the formation of the single market on Europe itself, and then attempts to trace the channels through which these effects, whatever they are, might be transmitted to the LDCs. To specify the likely response of the LDCs to these exogenous shocks one also, of course, needs some hypothesis about their structure and behavioural characteristics. Needless to say, a comprehensive study on these lines to do full justice to the task would take a whole research institute quite some time to deliver: all that can be attempted here is to offer some tentative suggestions toward an appropriate conceptual framework for such a study.

Keywords: Direct Foreign Investment; Real Income; Excess Supply; Labour Ratio; Aggregate Production Function (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12048-2_11

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DOI: 10.1007/978-1-349-12048-2_11

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