Development macroeconomics
By: Pierre-Richard Agénor and Peter J. Montiel.
Contributors: Montiel, Peter.
Publisher: Princeton University Press
Published: 1996
Place of publication: Princeton, N.J
Language: eng
Number of pages: 679
Subjects: Development economics; Macroeconomics; Developing countries -- Economic conditions
Description: In the past, macroeconomic approaches to developing countries were divided into ideologically charged "monetarist" or "structuralist" categories. But in recent years a vast literature has treated developing and, now, transitional economies with the analytical tools of modern macroeconomics. Presenting this new work in a unified way that underscores the similarities as well as the differences among countries is the agenda accomplished in this book. Agenor and Montiel include extensive empirical material describing the characteristics of developing countries today. They identify several crucial ways in which these aforesaid countries are different from the advanced economies treated in more traditional textbooks.

Specifically, by showing notably how the terms of trade; the segmentation of markets for capital, labor, and goods; the open economy; and political structures affect policy formation, Agenor and Montiel provide researchers and students alike with an analytically coherent approach to the issues. Further, they show how decisions made in one sphere of the economy can affect others, and what the implications might be.
Notes: Includes bibliographical references (p. [625]-660) and indexes.