Economic stabilization and debt in developing countries / Richard N. Cooper.

Originally published: Economic stabilization in developing countries. San Francisco, CA : ICS Press, c1991. Note: The "Appendix" at the end of the second section is not an actual appendix.

Includes bibliographical references (pages 185-189) and index.

1. How countries coped with external disturbances: The first oil shock -- Impact of an oil price increase -- Country responses -- External borrowing -- The second oil shock -- Country responses -- An export boom: Oil -- An export boom: coffee.

2. Economic retrenchment in theory and practice: Analysis of economic retrenchment -- Financing government -- The role of the International Monetary Fund -- Appendix.

3. Generalizations: Economic performance in the 1980s -- Reasons for disparate performance -- Stabilization and growth -- What lessons can we learn? -- General observations.

4. The lingering problem of developing-country debt: origins: A brief status report -- How did we get into the debt crisis? -- Historical and domestic solutions.

5. The lingering problem of debt: proposed solutions: The Baker Plan and the Brady initiative -- The Kenan Proposal -- Prospects for the future.

"Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced with the oil shocks of the 1970s and the debt crisis of the 1980s. He points out that a global slowdown in growth has shifted the main economic concern in developing countries from long-term growth to stabilization and adjustment. Cooper takes into account the cross-country variables that influence the degree to which a country is affected negatively or positively by external shocks and covers such topics as political organization and external debt resolution." -- From the dust jacket