This paper examines structural adjustment policies in LDCs, defined as policy responses to external or internal shocks that are carried out with the objective of regaining the pre-shock growth path. The introductory section of the paper reports on policy experience that indicates that countries applying an outward-oriented development strategy were better able to cope with external shocks than economies following an inward-oriented strategy. It is...
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INFORMATION
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1981/06/30
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Document de travail des services de la Banque mondiale
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SWP464
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1
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1
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2010/07/01
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Structural adjustment policies in developing economies
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external shock
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