Publisher description for Adjustment in oil-importing developing countries : a comparative economic analysis / [edited by] Pradeep K. Mitra.

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Counter The two oil price shocks of 1973-74 and 1979-80 have been by far the largest price movements to occur in the international economy in the postwar period. This book analyzes adjustment of oil-importing developing countries to those shocks with a view both to understanding an important episode in recent economic history, and to eliciting lessons that can guide successful adjustment to similar events in the future. The study develops quantitative economic methods and applies them to contemporary problems in order to yield useful insights for policy makers.

Library of Congress subject headings for this publication: Structural adjustment (Economic policy) Developing countries Econometric models, Petroleum products Prices Developing countries Econometric models