Policy Responses to Exogenous Shocks in Developing Countries

  • Bela Balassa

Abstract

This essay will report on the results of research on the policy responses of developing countries to exogenous (external) shocks in the 1973–8 and 1978–83 periods. It will further examine the economic performance of outward-oriented and inward-oriented developing countries in the light of the policies applied.

Keywords

Petroleum Income Turkey Egypt Argentina 

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Notes

  1. 1.
    For a description of the methodology applied and results for earlier periods, see B. Balassa, ‘Adjustment Policies in Developing Countries: A Reassessment,’ World Development, IX (1984) pp. 955–72. Reprinted as Essay 5 in Bela Balassa, Change and Challenge in the World Economy (London: Macmillan, 1984) pp. 89–101.CrossRefGoogle Scholar
  2. For a description of the methodology applied and results for earlier periods, see B. Balassa, ‘Adjustment Policies in Developing Countries: A Reassessment,’ World Development, IX (1984) pp. 955–72. Reprinted as Essay 5 in Bela Balassa, Change and Challenge in the World Economy (London: Macmillan, 1984) pp. 89–101.Google Scholar

Copyright information

© Bela Balassa 1989

Authors and Affiliations

  • Bela Balassa
    • 1
    • 2
  1. 1.The Johns Hopkins UniversityUSA
  2. 2.The World BankUSA

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