This paper analyzes a number of aspects of stabilization policy in Brazil. The first part evaluates the major trade-offs to alternate macroeconomic packages of exchange rate, monetary and fiscal policies...
The standard trade-theoretic Stolper-Samuelson-Rybczynski model is used in an attempt to explain movements of real wages in the Philippines. In view of the factor intensities in the Philippines, commodities...
Foreign aid and private foreign investment are considered by many to be inimical to development, representing the spread of neo-imperialism into developing countries or weakening domestic incentives to...
Alternative project selection procedures for less developed countries are compared and evaluated. Substantive differences among alternative procedures are in large part dependent upon differing assumptions...