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The Macroeconomics of Developing Countries - An Intermediate Textbook (Hardcover)
Loot Price: R2,375
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The Macroeconomics of Developing Countries - An Intermediate Textbook (Hardcover)
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The Macroeconomics of Developing Countries provides a comprehensive
discussion of the exogenous factors and macroeconomic policies that
affect the business cycle, long term growth, and distribution of
income in developing countries. It examines countries dependent on
natural resources and affected by supply rigidities in agriculture.
They also feature dualistic markets, a large informal sector, rapid
population growth, a vulnerable export sector, and chronic
dependence on a volatile global finance. The Macroeconomics of
Developing Countries uses these examples to analyse the impact of
stablization and adjustment politices on growth, inequality, and
poverty. Despite the launch of the Sustainable Development Goals
there is little consensus on how macroeconomic policies can be
consistent with these objectives. The Macroeconomics of Developing
Countries demonstrates that a critical application of standard
models to developing countries can generate erroneous results and
induce the adoption of incorrect policy. In order to address this,
it discusses the key structural differences between advanced and
developing countries in order to justify the construction of
alternative models.
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