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ADJUSTMENT IN DEVELOPING adjustment process balance of payments balance-of balance-of-payments pressure balance-of-payments problems balance-of-payments support Bretton Woods Bretton Woods system burden of adjustment capacity to adjust capital flows Center for Scholars costs COUNTRIES by Sidney current account decline in real deficit countries deficit is due deflation developing countries developing-country exports disequilibrium disruption domestic economies ENVIRONMENT FOR ADJUSTMENT expansion finance gold standard growth imbalances import prices import restrictions individual countries industrial countries INTERNATIONAL ENVIRONMENT International Monetary Fund Latin American Program least developed countries member countries ment monetary and fiscal of-payments official resources particular period of adjustment policies political poorest countries private bank private capital markets proportion protectionism quotas rate of adjustment result sector shifting Sidney Dell United Smithsonian Institution sources of balance-of-payments stabilization programs structural surpluses target trade and payments trade balances United Nations Wilson International Center Woodrow Wilson International World Bank world economy