Description: Presenting a modern high-level introduction to development economics, The Economics of Adjustment and Growth moves the study of macroeconomics for developing economies away from the traditional static approach and toward a more dynamic, growth-oriented strategy. Dr. Agenor presents an analysis of policy issues involved in aspects of economic adjustment in developing countries and structural adjustment policies aimed at fostering economic growth. Emphasizing the need to take into account the structural features of these countries, his work reflects IMF and World Bank research of the past decade and covers both standard textbook subjects, such as open economy macroeconomics, and real-world issues, such as financial crises.The book is written for the reader who has a background in macroeconomics, offering an impressive overview of the macroeconomic issues facing less developed countries and capturing some of their excitement and energy.

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