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About this product
- DescriptionThis book examines the analytical basis and practical experience of financial reforms in a number of primarily developing countries. A key finding is that financial reforms have led to improved resource allocation - an a priori belief t hitherto tested. This finding is consistent with the argument that efforts in developing countries to maximize efficiency resource utilization cant be underestimated in their importance. There are three key lessons that suggest the crucial nature of managing the process rather than adopting a laissez-faire approach. First, more successful reform must take account of information capital; second, initial conditions in balance sheets, human and information capital, and incentive systems are fundamental in determining how to go about reform; and third, that different sequences of reforms can be tolerated and, with certain preconditions, do well.
- PublisherCambridge University Press
- Date of Publication28/08/1996
- SubjectEconomics: Professional & General
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Note15 b/w illus.
- Weight720 g
- Width152 mm
- Height228 mm
- Spine28 mm
- Edited byGerard Caprio,Izak Atiyas,Jr.
- Format DetailsTrade paperback (US)
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