It is generally agreed that the arrangements that have regulated trade in textiles and clothing have slowed the natural shift in comparative advantage from industrial countries to developing countries...
Adjustment to the macroeconomic crises of the eighties was least successful on the fiscal front. The authors, in this introduction to a symposium on fiscal issues in adjustment, summarize the issues raised...
At the center of the controversy about effectiveness of "adjustment with growth" loan packages from the IMF and the World Bank has been the heavy emphasis on real exchange rate depreciation as a way to...
After the fall in average per capita GDP growth that took place in the 1980s, adjustment lending programs supported by the International Monetary Fund (IMF) and the World Bank (WB) were launched in response...
Determining how imports react to cyclical and secular (long term) factors has been a recurrent theme in the empirical trade literature. The evidence suggests that cyclical income elasticities of import...
As a less restrictive trade regime is associated with greater responsiveness to economic incentives, econometric evidence that does not allow for the impact of import controls cannot be used reliably to...