|||Praise for the previous editon: "Since the second edition of this text was published in 1999, both the field of development economics and developing economies themselves have undergone substantial change. Agenor and Montiel have added considerable new materia
The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today.
Describing the latest advances in this rapidly changing field, the book feature...
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