Macroeconomics for Developing Countries presents a comprehensive and rigorous study of the tools of macroeconomic analysis. At the same time, it examines the debate over whether developing economies should have a completely different framework for dealing with macroeconomic problems. The book includes:
* Alternative macroeconomic models of developing countries;
* Theories of inflation and the balance of payments;
* Internal and external debt;
* Evaluations of IMF stabilization packages.
"synopsis" may belong to another edition of this title.
'Macroeconomic policy is one of the most important area of development strategy. But until now we have lacked a guide to the macro-economics of developing countries. With the publication of the second edition of Raghav Jha's 'Macro-economics for Developing Countries', we now have an incisive and well-balanced view of some of the most urgent and important issues for facing the poorer world.' - Tony Addison, Deputy Director, World Institute for Development Economics Research, United Nations University
Negotiations and the GATT agreement have highlighted the different economic concerns between developed and developing countries. This has revived the debate about whether developing countries should apply Western policies to macroeconomic problems or develop a specific framework to suit their needs. Macroeconomics for Developing Countries brings this discussion into the economic mainstream. It provides a rigorous and comprehensive study of the standard macroeconomic theory necessary to understand this debate. The book falls into four parts. The first two present received macroeconomic theory in its closed and open economy versions. These are supported by a wide range of illustrations and examples from developing countries. The final two parts of the book are devoted entirely to the macroeconomic problems of developing countries. This includes a discussion of alternative macroeconomic models for developing countries in Part Three and a study of special policy problems facing developing countries in Part Four.
Macroeconomics for Developing Countries presents a valuable analysis of current debate in development economics and provides the intermediate macroeconomic theory necessary to understand it. Raghbendra Jha is Visiting Associate Professor of Economics at Queen's University, Kingston, Canada. He is on leave from Delhi School of Economics. He has extensive research experience and has published widely on aspects of development economics."About this title" may belong to another edition of this title.