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Palgrave Macmillan

External Finance and Adjustment

Failure and Success in the Developing World

  • Book
  • © 1997

Overview

Editors:
  1. Karel Jansen

    1. Institute of Social Studies, The Hague, Netherlands

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    You can also search for this editor in PubMed   Google Scholar

  2. Rob Vos

    1. Institute of Social Studies, The Hague, Netherlands
      Inter-American Development Bank, Washington, DC, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: International Finance and Development (IFD)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xxvi
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  2. International Finance, Growth and Adjustment: An Introduction

    • Karel Jansen, E. V. K. FitzGerald
    Pages 1-32

  3. External Finance and Structural Change

    • Rob Vos
    Pages 33-62

  4. External Shocks and Domestic Adjustment in the 1970s and 1980s

    • E. V. K. FitzGerald, Khwaja Sarmad
    Pages 63-89

  5. External Finance, Investment and Growth

    • Karel Jansen
    Pages 90-120

  6. Incomplete Adjustment: Fiscal Policy, Private Savings and Current Account Deficits in Mexico since 1982

    • Angel Calderón-Madrid
    Pages 121-156

  7. External Shocks and Domestic Adjustment in Pakistan

    • Khwaja Sarmad
    Pages 157-189

  8. The Philippines: Finance Without Development

    • Josef Yap, Rob Vos
    Pages 190-233

  9. Imports, Investment and Aid in Tanzania

    • Joshua Doriye, Howard White, Marc Wuyts
    Pages 234-259

  10. External Finance and Adjustment in Thailand

    • Karel Jansen
    Pages 260-299

  11. External Dependence, Structural Adjustment and Development Aid in Sub-Saharan Africa

    • Rolph van der Hoeven
    Pages 300-326

  12. External Finance and Adjustment Policies: A Comparative General Equilibrium Analysis

    • Rob Vos
    Pages 327-364

  13. Structural Adjustment and Economic Recovery: A Comparative Analysis of Economic Policy

    • Karel Jansen
    Pages 365-396

  14. Back Matter

    Pages 397-475
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Keywords

About this book

This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.

Editors and Affiliations

  • Institute of Social Studies, The Hague, Netherlands

    Karel Jansen, Rob Vos

  • Inter-American Development Bank, Washington, DC, USA

    Rob Vos

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