IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/280.html
   My bibliography  Save this paper

Adjustment policies in East Asia

Author

Listed:
  • Balassa, Bela

Abstract

This paper examines the adjustment policies applied by two East Asian newly industrializing economies, Korea and Taiwan, in the period following the quadrupling of oil prices in 1973. As an introduction to the discussion, the policy performance of the two East Asian economies prior to 1973 is analyzed, comparing their performance to that of three Latin American newly industrializing economies, Argentina, Brazil, and Mexico. This is followed by an examination of adjustment policies in the periods of the first and the second oil shocks and a discussion of the policies applied in the subsequent period, when shifts from current account deficits to current account surpluses occurred in the two East Asian economies. Finally, desirable policies for the future are considered.

Suggested Citation

  • Balassa, Bela, 1989. "Adjustment policies in East Asia," Policy Research Working Paper Series 280, The World Bank.
    • Handle: RePEc:wbk:wbrwps:280
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1989/09/01/000009265_3960928075542/Rendered/PDF/multi0page.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bela Balassa, 1981. "The newly-industrializing developing countries after the oil crisis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 142-194, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hallwood, Paul & Sinclair, Stuart, 1981. "OPEC and the non-oil developing countries in the 1970s," MPRA Paper 24463, University Library of Munich, Germany.
    2. Bekker Z., 1987. "International employment policies: adjustment patterns and problems in Eastern European countries: an international comparison," ILO Working Papers 992539073402676, International Labour Organization.
    3. Peter Nunnenkamp & Hartmut Picht, 1989. "Willful default by developing countries in the 1980s: A cross-country analysis of major determinants," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(4), pages 681-702, December.
    4. Picht, Hartmut & Stüven, Volker, 1988. "Selective and unspecific expropriation of foreign direct investments: Empirical evidence and implications for the debt crisis," Kiel Working Papers 344, Kiel Institute for the World Economy (IfW Kiel).
    5. Chad S. Boda & Turaj Faran, 2018. "Paradigm Found? Immanent Critique to Tackle Interdisciplinarity and Normativity in Science for Sustainable Development," Sustainability, MDPI, vol. 10(10), pages 1-28, October.
    6. Vollrath, Thomas L., 1985. "Dynamics of Comparative Advantage and the Resistance to Free Trade," Foreign Agricultural Economic Report (FAER) 147534, United States Department of Agriculture, Economic Research Service.
    7. Merle Holden, 1993. "Lessons for South Africa from the New Growth and Trade Theories," South African Journal of Economics, Economic Society of South Africa, vol. 61(4), pages 262-270, December.
    8. Jaime De Melo & Ricardo Pascale & James Tybout, 1985. "Uruguay 1973-1981: Interrelación entre Shocks Financieros y Reales," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 22(65), pages 73-98.
    9. Ana I. Sanjuán‐López & P. J. Dawson, 2010. "Agricultural Exports and Economic Growth in Developing Countries: A Panel Cointegration Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(3), pages 565-583, September.
    10. Nunnenkamp, Peter & Picht, Hartmut, 1988. "Debt repudiation by developing countries in the 1980s: a cross-country analysis of major determinants," Kiel Working Papers 313, Kiel Institute for the World Economy (IfW Kiel).
    11. Gupta, Sanjeev & Togan, Sübidey, 1982. "On managing adjustment to external shocks in oil importing developing countries," Kiel Working Papers 149, Kiel Institute for the World Economy (IfW Kiel).
    12. Chung Ming Wong, 1987. "Trends and Patterns of Singapore's Trade in Manufactures," NBER Chapters, in: Trade and Structural Change in Pacific Asia, pages 379-432, National Bureau of Economic Research, Inc.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:280. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.