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External Finance and Adjustment

Name: External Finance and Adjustment
Brand: PALGRAVE MACMILLAN
SKU: 04597759
Price: 176.21 EUR
Availability: InStock
Author: Karel Jansen
ISBN: 9780333693902

Failure and Success in the Developing World

Karel Jansen

Language

English

Book Hardback

Libristo code: 04597759

Publishers PALGRAVE MACMILLAN, September 1997

It studies the impact of different sources of external finance on growth and development in differen... Full description

Libristo code: 04597759

425 b

176.21 €

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It 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.