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External Finance and Adjustment

Name: External Finance and Adjustment
Brand: Palgrave Macmillan
SKU: 02949581
Price: 179.64 EUR
Availability: InStock
Author: Karel Jansen
ISBN: 9781349259076

Failure and Success in the Developing World

Karel Jansen

Rob Vos

Language

English

Book Paperback

Libristo code: 02949581

Publishers Palgrave Macmillan, January 1997

This book studies the impact of different sources of external finance on growth and development in d... Full description

Libristo code: 02949581

437 b

179.64 €

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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.