Bücher der Reihe International Finance and Development

The dismal experience of many developing countries with the use of large inflows of commercial bank loans and official development assistance in the 1970s and 1980s has manifested the continuous external vulnerability of their economies.

FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution.

What constraints do history and the global economy place upon Africa's economic development? A unique study of the African continent, this book offers development economists and policymakers an innovative alternative to the IMF and World Bank's framework for national development strategy.