Title Aid and the Dutch disease in low-income countries : informed diagnoses for prudent prognoses / prepared by Mwanza Nkusu

Published [Washington, D.C.] : International Monetary Fund, ©2004

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Description 1 online resource (18 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/04/49 IMF working paper ; WP/04/49. Contents Contents -- I. INTRODUCTION -- II. AID FLOWS, GROWTH, AND THE DUTCH DISEASE: BACKGROUND AND ANALYTICAL FRAMEWORK -- III. THE DUTCH DISEASE AND LONG-TERM ECONOMIC GROWTH -- IV. CONCLUDING REMARKS -- References Summary This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take into account country-specific circumstances to avoid ill-advised policies. The paper emphasizes that using public resources inefficiently can be more painful than real exchange rate appreciations, which may not necessarily embody the Dutch disease Bibliography Includes bibliographical references (pages 17-18) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Economic assistance -- Developing countries Poverty -- Developing countries Foreign exchange rates -- Developing countries Economic assistance Economic history Foreign exchange rates Poverty SUBJECT Developing countries -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85037344 Subject Developing countries Form Electronic book Author International Monetary Fund. African Department, issuing body ISBN 1451894007 9781451894004 1281215899 9781281215895 9781451846874 1451846878

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