Relations between the IMF and LDCs

Graham Bird

Chapter 2 in The International Monetary System and the Less Developed Countries, 1982, pp 10-24 from Palgrave Macmillan

Abstract: Abstract The principal economic objective of most LDCs is almost certainly that of stable development, or of development linked with stability. Development is desirable because it permits an improvement in a nation’s standard of living. It involves policies relating to the various factors of production: land, labour, capital and entrepreneurship. Stability means the minimisation of deviations around a certain trend. Aspects of stability include the eradication or dampening of cycles in economic activity, the control of inflation, and the avoidance of balance-of-payments disequilibria.

Keywords: Fiscal Policy; International Liquidity; International Monetary System; Real Resource; Bretton Wood System (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-16903-0_2

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