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Developing countries undergoing economic crises have traditionally followed economic restructuring programmes that are based on the premise that private investment recovery is assured once the market is allowed to prevail.

FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution.

The book describes the construction method for a global accounting framework, referred to as the world accounting matrix (WAM). It shows how a WAM can be used for the analysis of trade and finance in a global context and demonstrates how it can contribute to the solution of the large statistical problems in national and global macroeconomic data.

The central argument of this study is that the segmented and oligopolistic financial and commodity markets, large income inequalities, and diverging accumulation behaviour of public and private sector agents are the structural and institutional features underlying the persistent macroeconomic imbalances.

This book studies the impact of different sources of external finance on growth and development in different country contexts.

The dismal experience of many developing countries with the use of large inflows of commercial bank loans and official development assistance in the 1970s and 1980s has manifested the continuous external vulnerability of their economies.

This book studies the impact of different sources of external finance on growth and development in different country contexts.

FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution.

What constraints do history and the global economy place upon Africa's economic development? A unique study of the African continent, this book offers development economists and policymakers an innovative alternative to the IMF and World Bank's framework for national development strategy.