Fiscal and Monetary Policies and Problems in Developing CountriesCambridge University Press, 1983 - 287 páginas This book is concerned with the use of fiscal and monetary policies to overcome three major obstacles to development commonly faced by less developed countries: inadequate investment; misallocation of investment resources; and internal and external imbalances i.e. inflation and balance of payments deficits. The book is divided into six chapters the first two of which are devoted to the definition of concepts and to an explanation of the Keynesian model of income determination and of Kalecki's model of financing investment, within the framework of which the role of fiscal and monetary measures and of foreign capital is later examined. Chapters 3 and 4 discuss the role of fiscal measures and of foreign capital, respectively, in promoting domestic investment. Chapter 5 examines the use of both fiscal and monetary instruments, including industrial and agricultural development banks, to influence the pattern of investment. The last chapter is devoted to the problems of internal and external imbalances. The author examines policies pursued by a representative sample of developing countries and concludes that most of them fail adequately to exploit the potential of fiscal and monetary instruments and of foreign capital to overcome the three sets of obstacles to development largely bacause of institutonal (socio-political) constraints. The approach to inflation and balance of payments difficulties followed in the book differs significantly from that of monetarists, notably the Chicago school and the IMF, whose basic propositions are reviewed and critically examined in some detail in Chapters 2 and 6. Although the primary focus of the book is on developing economies, this part of it is also relevant to industrial countries. |
Índice
THE SCOPE AND ROLE OF FISCAL AND MONETARY | 28 |
Appendix 2A The neomonetarist approach | 65 |
FINANCING ECONOMIC DEVELOPMENT 1 DOMESTIC | 77 |
FINANCING ECONOMIC DEVELOPMENT 2 FOREIGN | 124 |
THE PATTERN OF INVESTMENT | 172 |
INTERNAL AND EXTERNAL EQUILIBRIUM | 211 |
Remedies for imbalances | 236 |
The IMF monetary approach to the balance of payments | 243 |
The organisation resources and credit facilities of | 252 |
IMF stabilisation policies | 259 |
Concluding note | 267 |
276 | |
Outras edições - Ver tudo
Fiscal and Monetary Policies and Problems in Developing Countries Eprime Eshag Pré-visualização indisponível - 1983 |
Fiscal and Monetary Policies and Problems in Developing Countries Eprime Eshag Pré-visualização indisponível - 1984 |
Palavras e frases frequentes
aggregate effective demand Amartya Sen analysis average balance of payments borrowing capital flow cent changes Chapter costs credit institutions defence deficit deflationary developing countries development banks direct investment discussed domestic earlier economic development effective demand employment Eshag example expenditure explained exports facilities factors finance fiscal and monetary foreign capital foreign exchange Friedman Fund Fund's Ibid important increase indirect taxes industrial countries inflation inflow internal Kalecki Keynes Keynesian labour land Latin America LDCs Michal Kalecki monetarism monetarists monetary approach monetary policies national income OECD OPEC outlays period potential private consumption problems productive capacity profits programme promoting rate of growth rate of interest ratio recipient countries relatively rise role savings sector small farmers social Sri Lanka subsidies supply of money supply of necessities Table tax revenue taxation theory trade tranche UNCTAD United Nations volume wage World Bank
Referências a este livro
Stabilization and Structural Adjustment: Macroeconomic Frameworks for ... Finn Tarp Pré-visualização indisponível - 1994 |
Economic Development: The New Palgrave John Eatwell,Murray Milgate,Peter Newman Pré-visualização limitada - 1989 |