The balance of payments of developing countries

Abstract

72 1024x768 In spite of the large literature on development and the growing number of estimates of future trade or savings “ gaps ” there are no acceptable or consistent estimates showing the past history or existing state of the balance of payments of developing countries as a group. Moreover, assessing the likely impact of changes in trade or aid policies designed to help the developing world depends on understanding the present situation. The present paper fills this statistical gap, which is so important for policy discussions. The estimates provided are crude, however, they shed light on the magnitude and interrelations of important problems. Normal 0 14 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabella normale"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0pt 5.4pt 0pt 5.4pt; mso-para-margin:0pt; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";}