Problem
Restrictive macro-economic policies
Experimental visualization of narrower problems
Other Names:
Restrictive monetary practicesRestrictive monetary policies
Incidence:
The setback to development in the 1980s was largely induced by the deflationary external economic environment resulting from the restrictive macro-economic policies of the major market economy countries. Such policies did not even serve the interests of those countries, which had reduced inflation, but had triggered high unemployment rates, external imbalances, growing trade tensions and, above all, negative growth rates. It was however the developing countries that were hardest hit, particularly the poorest and least developed. For them the crisis meant collapsing commodity prices, worsening terms of trade, intensified protectionist and discriminatory measures, contracting financial flows, unstable exchange rates and monetary markets, and the burgeoning debt problem.
Broader Problems:
Restrictive practicesInappropriate policies Narrower Problems:
MonetarismDomestic market restrictionsLimited availability of loansParochial monetary agreementsDiscriminatory exchange rate policiesRestrictions on foreign access to capital bond marketsDomination of restrictive project loans by transnational banksRestrictive conditions on loans through intergovernmental facilitiesInterference of transnational banks' off-shore borrowing with domestic monetary policies Related Problems:
Unethical practices in economicsRestrictive effects of external capital on development Subject(s):
Commerce → MoneyEconomics → Economic
Policy-making → Policy
Societal Problems → Restrictions
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST