There is growing dissatisfaction with the economic policies advocated by many
international financial institutions. This book presents an alternative to
"Washington Consensus" neo-liberal economic policies by showing that both
macro-economic and liberalization policy must be sensitive to the particular
circumstances of developing countries. One-size-fits-all policy prescriptions
are likely to fail given the vast differences between countries. This book
discusses how alternative approaches to economic policy can better serve
developing countries both in ordinary times and in times of crisis. Written by
the leading names in the field, this book introduces the issues and the
objectives of macroeconomic policy from various perspectives. It also presents
an analysis of macroeconomic models