Reinvigorating Growth in Developing Countries: Lessons from Adjustment Policies in Eight Economies

Kalpana Kochhar, Erik Offerdal, Louis Dicks-Mireaux, Mauro Mecagni, Jianping Zhou, Balázs Horváth, David Goldsbrough and Sharmini Coorey

No 1996/005, IMF Occasional Papers from International Monetary Fund

Abstract: This study examines the links between adjustment policies and growth in a small group of developing countries- Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand - during 1970 -93. It provides an overview of the adjustment and growth experience, examines in depth several policy issues of particular interest, and distills the principal policy lessons for the design of adjustment policies.

Keywords: OP; investment; country; rate; policy; wage; growth differentials vis-a-vis; adjustment policy; terms of trade movement; saving decline; investment decline; real wage flexibility; Private investment; Labor markets; Structural reforms; Real wages; Tariffs; Global; Middle East (search for similar items in EconPapers)
Pages: 93
Date: 1996-08-13
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