Trade Shocks in Developing Countries: Volume II: Asia and Latin America: Trade Shocks In Developing…

Hardcover | November 1, 1999

byPaul Collier, Jan Willem GunningEditorAssociates

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Developing countries frequently experience trade shocks and the policy implications of this have been debated for decades.This important book is Volume 2 of a comparative study covering 23 countries, using a common methodology to estimate the effects of shocks. The conventional wisdom has beenthat private agents, in particular peasant farmers, could not be trusted to use windfalls wisely. This was, and continues to be, the main rationale for stabilising taxation of export crops. The convention was also that windfalls accruing to the public sector were a bane since governments had lowsavings rates. The evidence in this definitive study supports neither generalisation. Trade shocks typically lead to high savings rates, irrespective of whether they accrue to private producers or to the government. However, the case studies find substantial policy errors so that windfalls areoften not translated efficiently into permanent income increases and indeed often lead to a reduction in output. The studies argue for a drastic revision of the case for government action in response to trade shocks. Volume 1 deals with Africa, Volume 2 with Asia and Latin America.

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Developing countries frequently experience trade shocks and the policy implications of this have been debated for decades.This important book is Volume 2 of a comparative study covering 23 countries, using a common methodology to estimate the effects of shocks. The conventional wisdom has beenthat private agents, in particular peasant ...

Paul Collier is a Director, Centre for the Study of African Economics; and Fellow at St Anthony's College, Oxford. Jan Willem Gunning is a Professor of Economics at the Free University, Amsterdam.

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Format:HardcoverPublished:November 1, 1999Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198294638

ISBN - 13:9780198294634

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Table of Contents

1. Santiago Montenegro: One Decade of External Coffee Shocks in Colombia, 1975-852. Claudio Gonzalez-Vega: Costa Rica: Mismanagement of the Coffee Boom3. Juan Antonio Morales: Bolivia's Tin and National Gas Crises of 1985-894. Ricardo Hausman: Dealing with Negative Oil Shocks: The Venezuelan Experience in the 1980s5. Michael Gavin: The Mexican Oil Boom, 1977-856. Peter G. Warr and Soonthorn Chaiindeepum: Thailand: Trade Shocks and Domestic Responses7. Sisira Jasuriya: Temporary Trade Shocks, Consumption Smoothing, and Economic Adjustment: Sri Lanka, 1973-768. Raul Fabella and Sisira Jayasuriya: The Impact of Temporary Trade Shocks on an Economy in Disequilibrium: The Philippines, 1985-899. Jean-Paul Azam and Quazi Shahabuddin: The Remittance Boom in Bangladesh, 1978-8610. David Greenaway and Subramariam S. Pillay: An Evaluation of the 197985 Petroleum Boom in Malaysia11. Indonesia: Trade Shocks and Construction BoomsIndex