Cover IMF Policy Discussion Papers
Buy Book in Print
Structural Policies in Developing Countries
Author:
Mr. Eduardo Borensztein
Search for other papers by Mr. Eduardo Borensztein in
Current site
Google Scholar Close
Series:
IMF Policy Discussion Papers
Volume/Issue:
Volume 1994: Issue 019
Language:
English
Publication Date:
01 Sep 1994
DOI:
https://doi.org/10.5089/9781451964615.003
ISBN:
9781451964615
ISSN:
1564-5193
Pages:
24
Keywords:
PDP; economic system; financial market; developing country; liberalization; trade; market liberalization; market imperfection; transition economy; trade liberalization initiative; market development; transition economies of Eastern Europe; goods market; Trade liberalization; Trade policy; Real interest rates; Trade barriers; Eastern Europe; Africa
Legal-disclaimer:
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
Download PDF (3.3 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Policy Discussion Papers
IMF Policy Discussion Papers
ISSN:
1564-5193
Publisher:
International Monetary Fund