Macroeconomic Issues and Challenges for Developing Countries

Description

“Macroeconomic Issues and Challenges for Developing Countries” provides an essential, college-level examination of the unique economic dynamics shaping developing nations. This comprehensive textbook begins by establishing a robust macroeconomic framework, expertly detailing national accounts, the IS-LM-AS model, money creation, and open economy policy, all contextualized for low-income economies. It then critically analyzes specialized macroeconomic models, including IMF-type frameworks, structuralist approaches, and dualistic models of output and inflation, alongside growth theory tailored to these contexts.

The book culminates in a rigorous exploration of critical policy dilemmas, such as the efficacy of IMF programs and the nuanced macroeconomic dimensions of fiscal policy. Students will gain a deep understanding of both theoretical underpinnings and practical applications, equipping them to analyze and address the complex macroeconomic challenges central to global development.

Connor Welch brings extensive field research and consulting experience in macroeconomics to this text. Connor’s work focuses on developing practical solutions for complex economic challenges. This book reflects Connor’s deep understanding of global macroeconomic policy.