TITLE

THE DEVELOPMENT DECADE IN THE BALANCE

AUTHOR(S)
Woods, George D.
PUB. DATE
January 1966
SOURCE
Foreign Affairs;Jan1966, Vol. 44 Issue 2, p206
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on economic development in developing countries during the 1960s. Almost two-thirds of the world's population lives in underdeveloped countries; but they have only one-sixth of the world's income. The underdeveloped countries are seeking to enter the twentieth century, but many of them, in some respects, have not yet reached the nineteenth. Many still need to achieve the preconditions of industrialization, including stable government, an acquisitive outlook and technical capacity. The slow and uncertain growth of export earnings exerts pressures leading to fiscal imbalance, inflation and stagnation of constructive effort; it retards development, upsets continuity of investment and diminishes the impact of external finance. In the medium term, the commodity problem may be mitigated by international commodity agreements. In the short term, some way has to be found of cushioning a developing country against the effect of a sudden drop in export earnings on which it has been relying for the financing of its development plan.
ACCESSION #
5811066

 

Related Articles

  • Relationship between government budget deficits and inflation in the Iran's economy. Safdari, Mehdi; Motiee, Reza // Indian Journal of Public Health Research & Development;Jul-Dec2011, Vol. 2 Issue 2, p147 

    Government in the economy of a country is responsible for various duties and to do these tasks uses the budget and fiscal policy as a planning and control tools. Because the different goals of economic balance in macro level such as fixing prices and unemployment inhibit any economic program is...

  • A Wobbly Coalition of the Unwilling. Roubini, Nouriel; Pineda, Mikka // Newsweek (Atlantic Edition);8/11/2008 (Atlantic Edition), Vol. 152 Issue 6, p23 

    This editorial states that the global economy may experience more severe rates of inflation than it did in the 1970's due to simultaneous restrictions in credit and deflation of assets. It examines how price hikes will eventually trickle down to the consumer which, mixed with stagnant wages,...

  • A Wobbly Coalition of the Unwilling. Roubini, Nouriel; Pineda, Mikka // Newsweek (Pacific Edition);8/11/2008 (Pacific Edition), Vol. 152 Issue 6, p23 

    This editorial states that the global economy may experience more severe rates of inflation than it did in the 1970's due to simultaneous restrictions in credit and deflation of assets. It examines how price hikes will eventually trickle down to the consumer which, mixed with stagnant wages,...

  • Liberalizaci�n financiera: cuestiones esenciales. Aky�z, Yilmaz // Bolet�n del CEMLA;sep/oct1993, Vol. 39 Issue 5, p219 

    No abstract available.

  • The quality of fiscal adjustment and growth. Mackenzie, George A.; Orsmond, David W.H. // Finance & Development;Jun96, Vol. 33 Issue 2, p21 

    Discusses the impact of fiscal adjustment on the economic growth of developing countries. Characteristics of growth-friendly policies; Characteristics of public sector activities; Efforts to reduce primary deficits of developing countries; Effect of fiscal adjustment period on total health and...

  • OPEC AND NOPEC: Oil in South-South Relations. Mossavar-Rahmani, Bijan // Journal of International Affairs;Spring/Summer80, Vol. 34 Issue 1, p41 

    Explores the factors which helped maintain the relations between developing countries and the members of the Organization of Petroleum Exporting Countries (OPEC) after the latter increased the prices of oil in 1973 and 1978. Reasons why the OPEC and non-OPEC split did not occur; Forecasts on...

  • International (G7).  // Canadian Economic Observer;Apr2004 Statistical Summary, Vol. 17 Issue 4, p63 

    Presents statistics related to the economic conditions of developed countries compiled as of June 2004. Inflation rate; Industrial production; Unemployment; Real gross domestic product; Consumer price index.

  • Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts Agenor, Pierre-Richard; McDermott, C. John; Prasad, Eswar S. // World Bank Economic Review;May2000, Vol. 14 Issue 2, p251 

    The article explores the features of macroeconomic fluctuations for several developing countries. It offers cross-relations between domestic industrial output and macroeconomic variables, such as fiscal variables, wages, inflation, money, credit, trade, and exchange rates. An analysis of the...

  • International (G7).  // Canadian Economic Observer;May2005, Vol. 18 Issue 5, p63 

    Presents charts and graphs on the economic performance of the G7 group of industrialized countries between 2001 and 2005. Gross domestic product of the United States and Canada; Industrial production; Inflation and unemployment in Japan, Germany and Great Britain.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics