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Economic Stabilization in Developing Countries; World Inflation and the Developing Countries
Edited by William R. Cline and Sidney Weintraub
William R. Cline and others
Reviewed by By William Diebold, Jr.
These two sophisticated and clearly written volumes throw a good deal of light on how developing countries have responded to inflation and what are the real effects of the process. Balance-of-payment difficulties seem to be easier to deal with than domestic inflation. And, for unexplained reasons, Asian countries seem to do better than the others in controlling inflation.

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