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Development policy in the doldrums?

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  • Schultz, Siegfried

Abstract

The “Third Development Decade” of the United Nations, which runs to the end of the present decade, opened with a promising outlook for the developing countries. The economic situation of the OECD countries had improved during 1979 and the North-South dialogue seemed to be making progress. But the further course of 1980 revealed that the extent and long-term effects of the second oil price explosion had been seriously underestimated. As a rule these affected the developing countries more seriously than the industrialized countries. The recessive trend in the industrialized countries moreover contributed to budgetary bottlenecks which were not without consequence for development policy.

Suggested Citation

  • Schultz, Siegfried, 1981. "Development policy in the doldrums?," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 16(4), pages 155-159.
    • Handle: RePEc:zbw:inteco:139748
    DOI: 10.1007/BF02924762
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    Keywords

    Development Assistance;

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