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Analyzing Adjustment Policies in Developing Economies
The BalanceofPayments Effects of External Shocks
The BalanceofPayment s Effects of the Policies Applied
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5dditional 5rade additional net external adverse external shocks Attn balance-of-payments effects debt service ratio declined Developing Countries developing economies experiencing domestic adjustment policies domestic savings ratios economic growth economies experiencing adverse economies experiencing favorable effects of external experiencing adverse external experiencing favorable external experiencing internal shocks export market shares export promotion export shortfall export-volume effects external debt ratio external financing favorable external shocks foreign borrowing GNP growth rates import savings import substitution import value incremental capital-output ratios INW5RD inward-oriented economies inward-oriented LDCs ISBN Korea-s LDCs Martin Wolf newly industrializing economies NICs oil prices output outward orientation outward-oriented development strategy outward-oriented economies P.O. Box pages including appendix percent in l978 percent of GNP percent of import period policies applied rate of economic Staff Working Paper Stock terms of trade terms-of-trade effects terms-of-trade loss twenty-eight developing economies twenty-four developing economies value of exports Vincent Cable WI5H World Bank Publications