Economic Stabilization in Developing Countries; World Inflation and the Developing Countries

In This Review

Economic Stabilization in Developing Countries

Edited by William R. Cline and Sidney Weintraub
Brookings, 1981
517 pp. $26.95
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World Inflation and the Developing Countries

By William R. Cline and others
Brookings, 1981
266 pp. $15.95
Purchase

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.