This is a collection of essays on economic policy in the open economy. If a country is opening up its economy, that is, allowing its domestic production to become competitive with that of the rest of the world, how do policy choices critically influence its economic performance? This book...

This book is a teaching manual in non-technical language for policy-makers in developing countries. At the request of the Economic Development Institute of the World Bank, the editors assembled fourteen economists to write about the issues facing an open economy. The book focuses on policy...