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External Finance and Adjustment

Failure and Success in the Developing World
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Description

This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.
Release date NZ
January 1st, 1997
Audience
  • Professional & Vocational
Contributors
  • Edited by Karel Jansen
  • Edited by Rob Vos
Edition
1st ed. 1997
Illustrations
XXVI, 475 p.
Pages
475
Dimensions
140x216x28
ISBN-13
9781349259076
Product ID
24559173

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Development economics