Adjusting to external shocks : the newly industrializing developing economies in 1974-76 and 1979-81 (English)

This paper provides evidence on the differential effects of alternative policy responses to external shocks in newly industrializing economies during the three-year period following the quadrupling of oil prices in 1973-74 and two-and-a-half fold increase in oil prices in 1979-80. It is concluded that, after a temporary slowdown, the continued application of outward oriented policies permitted regaining relatively high rates of economic growth while...

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Author

Balassa, Bela;
Document Date
1985/01/31
Document Type
Journal Article
Report Number
REP355
Volume No
1
Total Volume(s)
1
Country
Italy, Mexico, India, Brazil, Colombia, Chile, Korea, Republic of, Serbia, Uruguay, Singapore, China,
Region
South Asia, Europe and Central Asia, East Asia and Pacific, Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Adjusting to external shocks : the newly industrializing developing economies in 1974-76 and 1979-81
Keywords
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Citation

Balassa, Bela.

Adjusting to external shocks : the newly industrializing developing economies in 1974-76 and 1979-81 (English). World Bank reprint series ; no. REP 355 Washington, D.C. : The World Bank. http://documents.worldbank.org/curated/en/418281468774963920

Adjusting to external shocks : the newly industrializing developing economies in 1974-76 and 1979-81 (English)

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