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Economic Stabilization in Developing Countries
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The article was published on 1981-05-01 and is currently open access. It has received 94 citations till now. The article focuses on the topics: Developing country.read more
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Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence
Francisco Rodríguez,Dani Rodrik +1 more
TL;DR: This paper found little evidence that open trade policies are significantly associated with economic growth, in the sense of lower tariff and nontariff barriers to trade, and showed that the indicators of openness used by researchers are poor measures of trade barriers or are highly correlated with other sources of bad economic performance.
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Trade Policy and Economic Development: How We Learn
TL;DR: In the early days, there was a broad consensus that trade policy for development should be based on ''import-substitution'' by this was meant that domestic production of import-competing goods should be started and increased to satisfy the domestic market under incentives provided through whatever level of protection against imports, or even import prohibitions, was necessary to achieve it.
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Global and national sources of political protest: third world responses to the debt crisis*
John Walton,Charles C. Ragin +1 more
TL;DR: The authors examined variation among Third World debtor countries in the presence and severity of protests against austerity policies and found that the principal conditions for the occurrence of austerity protests are overurbanization and involvement of international agencies in domestic political-economic policy.
Journal ArticleDOI
The Dutch disease and its neutralization: a Ricardian approach
TL;DR: The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art.
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The effects of IMF programs in the Third World: Debate and evidence from Latin America
TL;DR: This article reviewed the debate about the effects of IMF-sponsored stabilization programs in the Third World and concluded that IMF programs are associated with insignificant changes in the current account, significant improvements in the overall balance of payments, increases in inflation, mixed effects on growth, and a strong and consistent pattern of reduction in labor share of income.