This volume brings together frontline research on the prospects for rapid economic development in South Asia by leading academics and public policy experts. It reviews recent macroeconomic performance in Bangladesh, India, Nepal, Pakistan and Sri Lanka and examines three emergent challenges for...

pt. 1. Economic growth -- part 2. Human development issues -- part 3. Monetary and fiscal policy issues -- part 4. Sectoral issues -- part 5. International trade and financial flows -- part 6. Environmental issues.

A quick primer on consumer demand -- Perfect competition and Pareto optimality -- Forms of the social welfare function -- External effects and the market mechanism -- The theory of pure public goods -- Topics in the theory of public goods -- The effects of taxes on savings -- Taxation and labor...