Effects of Slowdown in Industrial Countries on Growth in Non-Oil Developing Countries

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Effects of Slowdown in Industrial Countries on Growth in Non-Oil Developing Countries by Mohsin Mr. Khan, Morris Mr. Goldstein, INTERNATIONAL MONETARY FUND
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Author: Mohsin Mr. Khan, Morris Mr. Goldstein ISBN: 9781455258697
Publisher: INTERNATIONAL MONETARY FUND Publication: August 4, 1982
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Mohsin Mr. Khan, Morris Mr. Goldstein
ISBN: 9781455258697
Publisher: INTERNATIONAL MONETARY FUND
Publication: August 4, 1982
Imprint: INTERNATIONAL MONETARY FUND
Language: English
One of the more important yet puzzling aspects of the recent global stagflation has been the rather surprising resiliency of growth rates of real income in non-oil developing countries during the 1973-80 period in the face of the marked slowdown of corresponding growth rates in the industrial world. The primary purpose of this paper is to shed some light on this phenomenon by examining the relationship between the rate of economic growth in the non-oil developing countries and that in the industrial countries over the past decade or so.
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One of the more important yet puzzling aspects of the recent global stagflation has been the rather surprising resiliency of growth rates of real income in non-oil developing countries during the 1973-80 period in the face of the marked slowdown of corresponding growth rates in the industrial world. The primary purpose of this paper is to shed some light on this phenomenon by examining the relationship between the rate of economic growth in the non-oil developing countries and that in the industrial countries over the past decade or so.

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