Abstract
This essay will report on the results of research on the policy responses of developing countries to exogenous (external) shocks in the 1973–8 and 1978–83 periods. It will further examine the economic performance of outward-oriented and inward-oriented developing countries in the light of the policies applied.
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Notes
For a description of the methodology applied and results for earlier periods, see B. Balassa, ‘Adjustment Policies in Developing Countries: A Reassessment,’ World Development, IX (1984) pp. 955–72. Reprinted as Essay 5 in Bela Balassa, Change and Challenge in the World Economy (London: Macmillan, 1984) pp. 89–101.
For a description of the methodology applied and results for earlier periods, see B. Balassa, ‘Adjustment Policies in Developing Countries: A Reassessment,’ World Development, IX (1984) pp. 955–72. Reprinted as Essay 5 in Bela Balassa, Change and Challenge in the World Economy (London: Macmillan, 1984) pp. 89–101.
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© 1989 Bela Balassa
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Balassa, B. (1989). Policy Responses to Exogenous Shocks in Developing Countries. In: New Directions in the World Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10588-5_2
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DOI: https://doi.org/10.1007/978-1-349-10588-5_2
Publisher Name: Palgrave Macmillan, London
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Online ISBN: 978-1-349-10588-5
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