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Development Macroeconomics - Alternative Strategies for Growth (Hardcover)
Loot Price: R3,475
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Development Macroeconomics - Alternative Strategies for Growth (Hardcover)
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This insightful book offers a comprehensive analysis of how
macroeconomics can steer development and reduce poverty. It
untangles how developing countries can apply effective economic
policies in spite of the challenges they face. With an aim to
design a macroeconomic strategy which would provide a stable and
long-term growth plan, Basil Oberholzer explores the multiple
constraints which prevent developing countries from reducing
poverty. The author reveals how countries' scope of action is
strongly limited by international economic dynamics, including
current account imbalances, capital flight, foreign debt
accumulation, and exchange rate fluctuations. His detailed
examination of how international payments take place within the
current monetary structure also illuminates fundamental flaws that
are harmful for developing countries. Applying a newly developed
monetary macroeconomic model, Oberholzer suggests a reform of
countries' international payments as a solution to these key
problems. This book will prove to be a valuable resource for
students and scholars of development economics and macroeconomics.
Its analysis of how appropriate macroeconomic strategies can be
established, pragmatic policy recommendations, and explanation of
critical macroeconomic constraints will also be beneficial for
policy-makers in progressive governments.
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