The Balance of Payments Adjustment Process in Developing by Sidney Dell

By Sidney Dell

Show description

Read Online or Download The Balance of Payments Adjustment Process in Developing Countries PDF

Similar social sciences books

Ethnic Conflicts in Southeast Asia

From the writer: This quantity examines diverse ethnic configurations and clash avoidance and determination in 5 diversified Southeast Asian nations. * Tin Maung Maung Than lines the historical past and impossibility of the present Myanmar regimes quest to combine a number of the ethnic teams within the border areas whereas insisting on a unitary nation with all genuine energy saved to themselves.

Studies in the Theory of Ideology

During this quantity John B. Thompson examines a few of the extraordinary modern contributions to the examine of ideology. He focuses totally on ecu social theorists and philosophers, offering concise and important value determinations in their paintings. as well as assessing the contributions of the well known thinkers, similar to Habermas and Ricoeur, Thompson introduces the reader to a wealthy number of authors who've been overlooked within the English-speaking global: Cornelius Castoriadis, Claude Lefort, Pierre Bourdieu, Michel Pecheux, Jean Pierre Faye.

Selbständigkeit im Denken: Der philosophische Ort der Bildungslehre Theodor Ballauffs

Das Buch erarbeitet die zentralen Begriffe der Bildungskonzeption Theodor Ballauffs und prüft deren theoretisch-kritische Tragfähigkeit durch eine examine ihrer philosophischen Rückbezüge auf das Denken Martin Heideggers.

Culture and Power in Revolutionary Russia: The Intelligentsia and the Transition from Tsarism to Communism

This ebook indicates that the increase of the intelligentsia happened ahead of is in general idea, and that via 1922, instead of 1932, the underlying ideas of the hot Soviet government's guidelines in the direction of tradition had already emerged, "proto-Stalinism" being more and more vital. quite a few assets were used, together with Proletkul't, Moscow collage and the rabfaky and the works of assorted contributors equivalent to Bagdanov, Lunacharsky, Andreev, Berdiaev and Chagall.

Additional resources for The Balance of Payments Adjustment Process in Developing Countries

Example text

On the other h a n d , exports of tea, r u b b e r , and coconut were adversely affected by weather conditions and, t h e r e f o r e , did not realize the full advantage afforded by high export prices during the period. Promotion of nontraditional e x p o r t s was particularly effective in Uruguay, where the share in total exports rose from 22 percent of the total in 1973 to 52 p e r c e n t in 1977. Exchange r a t e policy was designed to stimulate exports and included the provision of premium r a t e s for e x p o r t e r s averaging over 23 percent in 1974.

In Brazil, for example, the proportion of loans in the latter category rose from 57 percent in 1974 to as much as 72 percent in 1977. In cases such as the Philippines, recourse to the private capital market was intended to supplement drawings on the IMF, which could provide only a small proportion of the country's total requirements for external finance. 5 1974 — Bond issues only. Sources: IBRD, Borrowing in International Capital Markets, Annual Report, various i s s u e s . 8 1975 International Bond Issues and publicized Eurocurrency Credits: eleven developing countries (millions of dollars) 1970^ Table 2 .

Devaluation was employed (in 1971 and 1975) when, in its absence, absolute cuts in domestic export prices or major export subsidies would have been needed. At the same time, since Tanzania operated both import controls and selective indirect taxation as instruments in its overall planning, devaluation was not necessary either to IMPACT AND RESPONSE 37 limit imports or to reduce demand, and was regarded as far too unselective for frequent use as a supply/demand management tool· Thus, the external terms of trade would not be affected by devaluation, while any desired effects of devaluation on producer prices could be achieved by the use of other policy instruments.

Download PDF sample

Rated 4.94 of 5 – based on 19 votes