ILO pub-WEP pub. Working paper on the economic implications of petroleum price increases in Peru, 1973 to 1980 - reviews trends in economic conditions; examines impact of higher oil prices on balance of trade, balance of payments, external debt, inflation and employment; looks at power...

Shows that the severe decline experienced by Tanzania in the early 1980s was a result of incompatible trade, exchange rate and monetary policies and delayed adjustment.