Macroeconomic policy and growth : some lessons of experience (Английский)

This paper asks how macroeconomic policies affect growth. It draws on the experiences since 1974 of seventeen developing countries - Brazil, Cameroon, Chile, Colombia, Costa Rica, Cote d'Ivoire, India, Indonesia, Kenya, the Republic of Korea, Mexico, Morocco, Nigeria, Pakistan, Sri Lanka, Thailand, and Turkey. First, the paper looks at the effects of the foreign-financed public spending booms of the 1970s, which tended to destabilize economies and...
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