1989 | OriginalPaper | Chapter
Policy Responses to Exogenous Shocks in Developing Countries
Author : Bela Balassa
Published in: New Directions in the World Economy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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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.