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Macroeconomic Policies: Can We Transfer Lessons Across LDC's?

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  • Carlos A. Rodríguez

Abstract

Less-developed countries (LDCs) have provided the economics profession with a wide range of macroeconomic experiences. Many are experiences of failure, a few of success. It is my belief that useful lessons can be obtained from all those experiences. Contrary to the widely held belief that it is not possible to transfer to LDCs theories and policies designed for developed countries, I hold the position that there is only one body of economic theory and that the best policies apply to all patients and are, for most cases, the simplest: market rules, free trade and orthodox monetary and fiscal policy.
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  • Carlos A. Rodríguez, 1999. "Macroeconomic Policies: Can We Transfer Lessons Across LDC's?," CEMA Working Papers: Serie Documentos de Trabajo. 150, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:150
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    Cited by:

    1. Martin Grandes & Helmut Reisen, 2003. "Hard Peg versus Soft Float. A Tale of Two Latin-American Countries," Revue économique, Presses de Sciences-Po, vol. 54(5), pages 1057-1090.
    2. Jorge M. Streb, 2000. "Por qué importan las instituciones políticas para el desempeño económico: incertidumbre política y subdesarrollo," CEMA Working Papers: Serie Documentos de Trabajo. 168, Universidad del CEMA.

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