Stability with Growth: Macroeconomics, Liberalization and Development

There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions–policies that have often resulted in stagnating growth, crises and recessions for client countries.  This book presents an alternative to ‘Washington Consensus’ neo-liberal economic policies by showing that both macroeconomic and liberalization policy must be sensitive to the particular circumstances of developing countries. It presents an alternative framework and discusses how different approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis. Written by leading names in the field, this book introduces the issues and the objectives of macroeconomic policy from diverse perspectives. It also presents an analysis of macroeconomic models and policy perspectives on stabilization and capital markets liberalization from conservative, Keynesian and heterodox perspectives. This book will be of interest to academics and students of economics, development, and globalization. Policy makers, NGOs, and organizations working in the field of international development will also find this book useful.