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Adjustment to External Shocks in Developing Countries

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The Economics of Relative Prices

Part of the book series: International Economic Association Series ((IEA))

Abstract

Drawing in large part on the results of two earlier studies (Balassa et al, 1981; 1982), this paper will analyse adjustments to external shocks in 28 developing economies that cover a broad range in terms of the level of development, the character of external shocks, and the policies applied. The investigation does not, however, include the poorest countries of Africa and Asia, where overall development problems predominate.

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Notes

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Author information

Authors and Affiliations

  1. Johns Hopkins University, USA

    Béla Balassa

Authors
  1. Béla Balassa
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Editor information

Béla Csikós-Nagy Douglas Hague Graham Hall

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© 1984 International Economic Association

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Balassa, B. (1984). Adjustment to External Shocks in Developing Countries. In: Csikós-Nagy, B., Hague, D., Hall, G. (eds) The Economics of Relative Prices. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06265-2_16

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