000 01285nam a22002657a 4500
999 _c9218
_d9218
001 GENERAL-004315
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022 _a0-8213-9334-0
040 _aOLADE-CDD
_cOLADE-CDD
041 _aeng
082 _a338.98
_bB1718
100 _aBalassa, Bela
245 _aAdjustment to external shocks in developing economies
260 _aWashington:
_bWorld Bank,
_c1981
300 _a36 p.
504 _a05749
505 _aThis paper analyzes adjustments to external shocks, in the form of changes in the terms of trade and the slowdown in foreign export demand, in twenty-eigth developing economies, classified according to the character of external shocks, the level of industrial development, and the policies applied. It is shown that newly industrializing economies responded to adverse external shocks through domestic adjustment policies in the form of export promotion, import substitution and a slowdown in the rate of economic growth, whereas less developed economies placed reliance largely on foreign borrowing.
650 _aDesarrollo Económico
650 _aDesarrollo Industrial
650 _aComercio Exterior
650 _aPaíses en Desarrollo
942 _2ddc
_cMON