Structural Adjustment Policies in Developing Economies

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 4 in Change and Challenge in the World Economy, 1985, pp 63-88 from Palgrave Macmillan

Abstract: Abstract Structural adjustment policies may be defined as policy responses to external shocks, carried out with the objective of regaining the pre-shock growth path of the national economy. Regaining the growth path, in turn, will necessitate improvements in the balance of payments following the adverse effects of external shocks, since a country’s balance-of-payments position constrains its economic growth.

Keywords: Exchange Rate; External Shock; Import Substitution; World Market Price; Export Subsidy (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-17991-6_4

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