Policy Choices for the 1990s

Recent cataclysmic changes in the international economic order are shaping the global policy choices of the 1990s. In his final collection of essays, the late Bela Balasa, a foremost international economist, examines the implications of these recent changes for developed, developing and reforming socialist economies. Essays include development strategies, adjustment policies, the public sector, and financial liberalization, economic integration in Eastern Europe, and trade policy negotiations.

Frontispiece - Acknowledgements - Foreword - PART 1: DEVELOPMENT STRATEGIES - Outward Orientation - Policy Choices in the Newly Industrializing Countries - PART 2: ADJUSTMENT POLICIES - A Conceptual Framework for Adjustment Policies - A Quantitative Assessment of Adjustment Lending - PART 3: THE PUBLIC SECTOR IN DEVELOPING COUNTRIES - Public Enterprises in Developing Countries - Public Finance and Economic Development - PART 4: FINANCIAL LIBERALIZATION AND INTEREST RATES - Financial Liberalization in Developing Countries - The Effects of Interest Rates on Savings in Developing Countries - PART 5: PLANNING AND SOCIALIST REFORM - Indicative Planning in Developing Countries - Reflections on Perestroyka and the Foreign Economic Ties of Soviet Union - Perestroyka and its Implications for European Socialist Countries - Economic Integration in Eastern Europe - PART 6: THE GATT NEGOTIATIONS - Subsidies and Countervailing Measures: Economic Considerations - Services in the United States - PART 7: THE EEC ENLARGEMENT - Europe 1992 and its Possible Implications for Nonmember Countries - EMENA Manufactured Exports and EEC Trade Policy - PART 8: TRENDS IN ECONOMIC POLICIES - France Before Europe 1992 - Europe 1992 and France - Economic Policies of the Rocard Government - Bela Balassa: A Personal Tribute; Sir Alan Walters - Index