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Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?

In: International Finance and the Developing Economies

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

Recent economic crises in East Asia and Latin America have once again raised serious questions about the conduct of macroeconomic policy in developing countries. In the early 1980s the Latin America debt crisis was attributed by some observers to domestic economic mismanagement in the indebted countries. Similarly, Africa’s poor economic performance has often been put down to overexpansionary monetary and fiscal policy and currency overvaluation.

Suggested Citation

  • Graham Bird, 2004. "Conducting Macroeconomic Policy in Developing Countries: Piece of Cake or Mission Impossible?," Palgrave Macmillan Books, in: International Finance and the Developing Economies, chapter 1, pages 1-13, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59984-0_1
    DOI: 10.1057/9780230599840_1
    as

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