This comprehensively revised and updated edition develops the themespresented in the first edition. Students and teachers who are familiar with thebook will not... » 

This comprehensively revised and updated edition develops the themespresented in the first edition. Students and teachers who are familiar with thebook will notice entirely new chapters as well as significant revision anduptating of existing chapters to take into account global economic changessince the turn of the millennium. With questions for discussion and excellentuse of case studies the book covers such themes as standard closed and open macroeconomic models a full evaluation of the postWashington consensus model IMF stabilization programs and their effects on developing economies the pressing problems of indebtedness financial sector reforms in developing countries.This informative textbook is the ideal accompaniment for students ofdevelopment economics and it will prove popular with lecturers and academicsalike. «