External Finance and Adjustment : Failure and Success in the Developing World PDF
Edited by Karel Jansen, Rob Vos
Part of the International Finance and Development series
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.
Information
-
Download - Immediately Available
- Format:PDF
- Publisher:Palgrave Macmillan UK
- Publication Date:13/12/1997
- Category:
- ISBN:9781349259052
Information
-
Download - Immediately Available
- Format:PDF
- Publisher:Palgrave Macmillan UK
- Publication Date:13/12/1997
- Category:
- ISBN:9781349259052
