In This Review
Economic Stabilization in Developing Countries

Economic Stabilization in Developing Countries

Edited by William R. Cline and Sidney Weintraub

Brookings, 1981, 517 pp.
World Inflation and the Developing Countries

World Inflation and the Developing Countries

By William R. Cline and others

Brookings, 1981, 266 pp.

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.