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Economic stagnation, fixed factor, and policy thresholds.

By: Easterly, William.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1991Subject(s): Economic conditions | Economic stagnation -- Economic policy -- Foreign exchange/. -- Economic stagnation -- Economic policy -- Foreign exchange/. -- Economic stagnation -- Economic policy -- Foreign exchangeSummary: Argues that economic policies and not initial conditions determine whether countries stagnate. Also argues that black market premium on foreign exchange is an important factor in stagnation.
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Argues that economic policies and not initial conditions determine whether countries stagnate. Also argues that black market premium on foreign exchange is an important factor in stagnation.

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