Books in the Trade Shocks in Developing Countries series

The first volume of a comparative study of trade shocks covering 23 countries. This volume examines Africa, and challenges the common generalizations. Trade shocks are shown to lead to high savings rates, though policy errors often mean windfalls actually lead to a reduction in output.

The second volume of a comparative study of trade shocks covering 23 countries. This volume examines Asia and Latin America, and challenges common generalizations. Trade shocks are shown to lead to high savings rates, though policy errors often mean windfalls lead to a reduction in output.