Structural adjustment policies in developing economics. (Record no. 15623)

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005 - DATE AND TIME OF LATEST TRANSACTION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 821393693
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 338.5 STR
245 #0 - TITLE STATEMENT
Title Structural adjustment policies in developing economics.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Washington
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. World Bank.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1981
300 ## - PHYSICAL DESCRIPTION
Extent 38 p.
520 ## - SUMMARY, ETC.
Summary, etc. This paper examines structural adjustment policies in developing economies, defined as policy responses to external or internal shocks that are carried out with the objective of regaining the pre-shock growth path. Examples of external shocks are the quadrupling of petroleum prices of 1973-74 and the world recession of 1974-75. Internal shocks may find their origin in Inappropriate economic policies, such as the excessively expansionary fiscal measures taken in Mexico after 1972, or in political events, such as the April 1974 Revolution in Portugal.<br/><br/>The introductory section of the paper reports on the policy experience of a number of developing countries after 1973, indicating that countries applying an outward-oriented development strategy were better able to cope with external shocks than economies following an inward-oriented strategy. It is further shown that the adoption of realistic exchange rates and interest rates, the avoidance of large budget deficits, and the productive use of the proceeds of foreign borrowing eased the process of adjustment.<br/><br/>The paper examines in detail the elements of a policy package that may be applied in response to external or internal shocks in the case prevalent in developing economies, when optimal policies are not applied. Thus, the recommendations simultaneously aim at responding to shocks and undertaking Incentives (the exchange rate, import protection, export subsidies, and price control), incentives to save and to invest, the choice of public investments, sectoral policies in energy and agriculture, budgetary policies, and monetary policies. In the conclusions, the interdependence of the various policy peasures is indicated, with further attention given to foreign borrowing. Finally, comments are offered on the international enviroment in which these policies operate.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economic assistance
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Koha item type Books
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library 2020-02-02 MSR   338.5 STR 18718 2020-02-02 2020-02-02 Books

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