Structural Policies in Developing Countries

September 1, 1994

Preview Citation

Format: Chicago

Eduardo Borensztein. Structural Policies in Developing Countries, (USA: International Monetary Fund, 1994) accessed December 26, 2024

Summary

This paper discusses the broad orientation of the economic systems adopted in developing countries. While government-led development strategies were widely followed by developing countries since the 1950s and 1960s, a distinct trend towards the adoption of market-oriented systems has developed in the last decade. The paper reviews international trade policies, noting the move away from protectionism, and financial markets policies, where financial repression is also giving way to more liberal systems. The paper also discusses newer ideas supporting “industrial policies” or policies to promote certain export activities, that are partly inspired by the success of several East Asian economies, and observes that their application to other developing countries would not be promising.

Subject: Financial crises, Financial services, International trade, Real interest rates, Trade barriers, Trade liberalization, Trade policy

Keywords: Africa, Developing country, Eastern Europe, Economic system, Financial market, Goods market, Liberalization, Market development, Market imperfection, Market liberalization, PDP, Real interest rates, Trade, Trade barriers, Trade liberalization, Trade liberalization initiative, Trade policy, Transition economies of Eastern Europe, Transition economy

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 1994/019
Stock No:

PPIEA0191994
ISBN:

9781451964615
ISSN:

1564-5193

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