Despite an uncertain start to the 1990s, developing countries face brighter prospects for growth than in the preceding decade. The improved prospects can be attributed mainly to the widespread economic reforms these countries have adopted, notably, privatization, greater openness to trade, reduction of fiscal deficits, and elimination of commercial bank debt overhangs. These beneficial effects will be enhanced by a growing supply of external finance...
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Global economic prospects and the developing countries - 1993 (English). Global Economic Prospects Washington, DC : The World Bank. http://documents.worldbank.org/curated/en/469851468781532185