Growth-Oriented Adjustment Strategies: The Role of Exchange Rate Policies and Trade Liberalization
This paper reviews some of the major strands of the debate on growth-oriented adjustment programmes. Section I looks at recent domestic and external trends in developing countries in order to highlight the motivation for increased emphasis on growth with adjustment. Section II discusses general issues underlying growth-oriented adjustment strategies, drawing upon the G-24 report and subsequent work in the Fund; Section III examines the role of the exchange rate in adjustment; and, Section IV examines the role of trade policies in adjustment. Section V offers some concluding thoughts.
|This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Occasional Papers with number occ06 and published in 1988.|
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