External Finance and Adjustment - Failure and Success in the Developing World (Hardcover)

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.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Series:	International Finance and Development
Release date:	September 1997
First published:	1997
Editors:	Karel Jansen • Rob Vos
Dimensions:	216 x 140 x 42mm (L x W x T)
Format:	Hardcover
Pages:	475
ISBN-13:	978-0-333-69390-2
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > International economics > International finance
LSN:	0-333-69390-6
Barcode:	9780333693902

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