Developing countries frequently experience trade shocks and the policy implications of this have been debated for decades.This important book is Volume 1 of a comparative study covering 23 countries, using a common methodology to estimate the effects of shocks. The conventional wisdom has been that private agents, in particular peasant farmers, could not be trusted to use windfalls wisely. This was, and continues to be, the main rationale for stabilising taxation of export crops. The convention was also that windfalls accruing to the public sector were a bane since governments had low savings rates. The evidence in this definitive study supports neither generalisation. Trade shocks typically lead to high savings rates, irrespective of whether they accrue to private producers or to the government. However, the case studies find substantial policy errors so that windfalls are often not translated efficiently into permanent income increases and indeed often lead to a reduction in output. The studies argue for a drastic revision of the case for government action in response to trade shocks.
Volume 1 deals with Africa, Volume 2 with Asia and Latin America.
Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.
This is a work that should be read by those working on the macroeconomics of developing countries, whether as researchers or policy analysts (Journal of International Development)
The absence of formality makes the book accessible to the non-specialist. However, this surface accessibility masks highly sophisticated reasoning and the application of complicated empirical accounting exercises (Journal of International Development)
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Da: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
Hardcover. Condizione: Very Good. Very Good - Crisp, clean, unread book with some shelfwear/edgewear, may have a remainder mark - NICE Standard-sized. Codice articolo M0198293380Z2
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Da: Eastleach Books, Newbury, BER, Regno Unito
Condizione: New. 1st edition. Cloth, dj, F/F. x+491pp, tables & charts, index, fine copy in a fine dustjacket. New. Detailed economic study of Trade Shocks, [ the bust & boom of market forces acting on commodity prices ]. The book argues that the old ideas that peasant farmers would not wisely use windfalls thus leading to an unstable economy is not true. Volume 1 covers the experiences of twelve countries in Africa. 875 grams. Codice articolo 56645
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Da: Brit Books, Milton Keynes, Regno Unito
Hardcover. Condizione: Used; Very Good. ***Simply Brit*** Welcome to our online used book store, where affordability meets great quality. Dive into a world of captivating reads without breaking the bank. We take pride in offering a wide selection of used books, from classics to hidden gems, ensuring there is something for every literary palate. All orders are shipped within 24 hours and our lightning fast-delivery within 48 hours coupled with our prompt customer service ensures a smooth journey from ordering to delivery. Discover the joy of reading with us, your trusted source for affordable books that do not compromise on quality. Codice articolo 4080410
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Da: George Longden, Macclesfield, Regno Unito
Hardback. Condizione: Very Good. Condizione sovraccoperta: Very Good. Spotting on top. A crease runs down the front inside flap of the jacket. Includes references and index. 491pp. Book. Codice articolo 31544
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Da: Kloof Booksellers & Scientia Verlag, Amsterdam, Paesi Bassi
Condizione: good. Oxford & New York : Clarendon Press, 1999. Hardcover. Dustjacket. 504 pp.English text. Library stamps. Condition ± very good. Condition : good copy. ISBN 9780198293385. Keywords : , Codice articolo 212328
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Da: Invicta Books P.B.F.A., Builth Wells, POWYS, Regno Unito
Hardcover. Condizione: Fine. Condizione sovraccoperta: Fine. illustrated 491 pages. Codice articolo 000332
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Da: Paul Brown, Ramsgate, Regno Unito
First edition. ix+491 pages with index. Cloth. Near fine in very good dustjacket. Codice articolo 14782
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Da: DeckleEdge LLC, Albuquerque, NM, U.S.A.
hardcover. Condizione: new. Codice articolo Shelfdream0198293380
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Da: Books Puddle, New York, NY, U.S.A.
Condizione: New. pp. 504. Codice articolo 262292227
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Da: Buchpark, Trebbin, Germania
Condizione: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher. Codice articolo 2608221/2
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