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The Role of the Public Sector in the Market Economies of Developing Asia: General Lessons for the Current Debt Strategy

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  • International Monetary Fund

Abstract

This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the foreign debt of these countries. It is argued that the relatively good performance of those countries was achieved at considerable and growing costs, especially in terms of external debt accumulation. Finally, the paper uses the experience of the Asian countries to draw some general lessons for the current debt strategy.

Suggested Citation

  • International Monetary Fund, 1988. "The Role of the Public Sector in the Market Economies of Developing Asia: General Lessons for the Current Debt Strategy," IMF Working Papers 1988/007, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1988/007
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    Cited by:

    1. Norman S. Fieleke, 1988. "International payments imbalances in heavily indebted developing countries," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 32, pages 58-102.
    2. Norman S. Fieleke, 1990. "Economic Adjustment In Heavily Indebted Developing Countries," Contemporary Economic Policy, Western Economic Association International, vol. 8(2), pages 18-35, April.

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