"Published for the World Bank."

Includes bibliographical references and index.

Appendix 1. : OECD deficits, debt, and savings structure and trends, 1965-81 : a survey of the evidence / Leonardo Hakim and Christine Wallich -- Appendix 2. : ICORS, savings rates, and the determinants of public expenditure in developing countries / Constantino Lluch.

Introduction / Deepak Lal and Martin Wolf -- Developing countries in the 1930s : possible lessons for the 1980s / Angus Maddison -- The slowdown of the world economy and the problem of stagflation / Gottfried Haberler -- Systemic risk and developing c ountry debt / Robert Z. Lawrence -- A description of adjustment to external shocks : country groups / Pradeep K. Mitra -- The oil syndrome : adjustment to windfall gains in oil-exporting countries / Alan Gelb -- The debt crisis in Latin America / Larry A. Sjaastad, Aquiles Almansi, and Carlos Hurtado -- Government deficits, the real interest rate, and developing country debt : on global crowding out / Deepak Lal and Sweder van Wijnbergen -- Debt, deficits, and distortions / Deepak Lal and Martin Wolf.