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- W160510839 abstract "Publisher Summary This chapter focuses on the emerging prospects for development and the world economy. The global economy is now faced with dangerous possibilities of a recession after several years of a growth path, however feeble it has occasionally been. The imminence of it originates in adjustment requirements of an enormous proportion. The U.S. Government is trying to reduce its huge budget deficit and has to find ways to reduce the trade deficit. Indebted developing countries have to reduce their domestic demands and to export as much as possible. The differences of the interests and perceptions among developing countries were significant in 1964 when the first session took place. However, the degree of these divergences has increased in the past 15 years to such a level that it has become impossible to consider just a set of policies that are equally effective in all developing countries. The chapter also describes three categories of countries that need to pursue different policy objectives in the world economy." @default.
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- W160510839 date "1992-01-01" @default.
- W160510839 modified "2023-09-27" @default.
- W160510839 title "THE EMERGING PROSPECTS FOR DEVELOPMENT AND THE WORLD ECONOMY" @default.
- W160510839 doi "https://doi.org/10.1016/b978-0-12-444281-8.50019-2" @default.
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