Abstract
The switch from demand management to “supply-side economics” advocated in some industrial countries is also colouring development policy. The measures perceived to be right for the industrial nations are being urged on the developing countries and they are also to serve as new criteria for the granting of development aid. More of the available aid is to go to those countries that embrace the market economy and declare themselves ready to abide by the prescriptions of supply-side economics. However, as Prof. Sautter points out, it is highly doubtful whether the socio-cultural conditions for a successful supply-oriented policy are present in developing countries or can be significantly improved by implementing the usual supply-side proposals.
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References
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Sautter, H. Socio-cultural aspects of supply-side economics for developing countries. Intereconomics 18, 278–285 (1983). https://doi.org/10.1007/BF02928231
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DOI: https://doi.org/10.1007/BF02928231