(Hardback, Fourth Edition)

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 develop

(Hardback)

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Taking a look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare.