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- World Economic Survey 1979-1980
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Adjustment policies in developing countries: Selected issues
- Author: United Nations
- Main Title: World Economic Survey 1979-1980 , pp 85-92
- Publication Date: July 1980
- DOI: https://doi.org/10.18356/08e0c4b0-en
- Language: English
The current international economic situation is characterized by pervasive inflation, a slow-down in economic growth, the growing balance-of-payments pressures facing most developing countries, and widespread uncertainties. These developments, which represent an intensification of tendencies that have been evident in most countries for a number of years, have required urgent and strenuous efforts on the part of the developing countries to adapt their economies as best they can to the new situation. In effect, two interrelated but distinct sorts of adjustment are called for: current-account balances must be brought more completely under control and in some cases deficits must be reduced; and imbalances in the domestic economy and attendant inflationary pressures must be mitigated.
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