ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Problems of Adjustment and Growth in the World Economy

Problems of Adjustment and Growth in the World Economy Jayati Ghosh Discussing some of the principal features of the present international economy, this paper highlights the effects of economic interdependence on the potential for growth or stagnation in the developed capitalist economies. The author's concern is with the fiscal, monetary and trade policies of the major developed economies and their actual and potential impact on world economic activity. The basic presumption underlying the discussion is that the behaviour of these economies is crucially important for possibilities for adjustments and growth in developing economies as well.

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