The dilemma facing policymakers is how to combine the instruments they have available in the form of fiscal, monetary and exchange rate policy to achieve the targets of internal and external balance. Shortly before the global economic and financial crisis in 2008 most economies appeared to be...

Lance Taylor is widely considered to be one of the pre-eminent development economists in the world and is known for his work on development planning, macroeconomics of development, stabilization policy, and the global economy. He has also been the major force behind structuralist economics,...

This volume honors Raúl Prebisch's contributions to economic thought and uses his 1970 report Change and Development: Latin America's Great Task as a point of departure for analyzing trends in the region in the 1970s and 1980s. This volume comprises a collection of the papers presented at the...

This book explores the principle issues surrounding the effective participation of the developing countries in the new, more interdependent global economy. It is up-to-date and offers a fresh and critical assessment of traditional approaches in the sphere of international financial and trading...