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.
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© 1982 Graham Bird
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Bird, G. (1982). Relations between the IMF and LDCs. In: The International Monetary System and the Less Developed Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16903-0_2
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DOI: https://doi.org/10.1007/978-1-349-16903-0_2
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