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Book synopsis

The two oil price shocks of 1973-74 and 1979-80 have been by far the largest price movements to occur in the international economy in the postwar period. This book analyses the adjustments made by oil importing developing countries to those shocks with a view both to understanding an important episode in recent economic history, and to eliciting lessons that can guide successful adjustment to similar events in the future. Unlike other treatments of this subject, the findings of the study are derived by combining a broad-brush approach that covers a large number of countries with the development of techniques that permit an in-depth investigation into a few selected countries. The study develops quantitative economic methods and applies them to contemporary problems in order to yield useful insights for policy makers.

Book details

Book category Books in English Economics, finance, business & management Economics Development economics & emerging economies

• Full title: Adjustment in Oil-Importing Developing Countries
• Subtitle: A Comparative Economic Analysis
• Author: Pradeep K. Mitra
• Language: English
• Binding: Hardback
• Number of pages: 336
• EAN: 9780521443166
• ISBN: 0521443164
• ID: 02031045
• Publisher: Cambridge University Press
• Weight: 621 g
• Dimensions: 229 × 152 × 22 mm
• Date of publishing: 03. February 1994

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