Structural Policies in Developing Countries

This paper discusses the broad orientation of the economic systems adopted in developing countries. While government-led development strategies were widely followed by developing countries since the 1950s and 1960s, a distinct trend towards the adoption of market-oriented systems has developed in th...

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Bibliographic Details
Main Author: Borensztein, Eduardo
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Policy Discussion Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Interest rates 
653 |a Finance 
653 |a International Trade Organizations 
653 |a Financial crises 
653 |a Financial services 
653 |a Real interest rates 
653 |a Trade Policy 
653 |a Trade liberalization 
653 |a Exports and Imports 
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653 |a Banks and Banking 
653 |a Trade barriers 
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520 |a This paper discusses the broad orientation of the economic systems adopted in developing countries. While government-led development strategies were widely followed by developing countries since the 1950s and 1960s, a distinct trend towards the adoption of market-oriented systems has developed in the last decade. The paper reviews international trade policies, noting the move away from protectionism, and financial markets policies, where financial repression is also giving way to more liberal systems. The paper also discusses newer ideas supporting “industrial policies” or policies to promote certain export activities, that are partly inspired by the success of several East Asian economies, and observes that their application to other developing countries would not be promising