This updated edition has been comprehensively revised to develop the themes contained in the first edition, taking into account the changes that have occurred in the global economy since the turn of the millennium.

This comprehensively revised and updated edition develops the themes presented in the first edition. Students and teachers who are familiar with the book will notice entirely new chapters as well as significant revision and uptating of existing chapters to take into account global economic changes since the turn of the millennium. With questions for discussion and excellent use of case studies, the book covers such themes as: * standard closed and open macroeconomic models * a full evaluation of the post-Washington consensus model * IMF stabilization programs and their effects on developing economies * the pressing problems of indebtedness * financial sector reforms in developing countries. This informative textbook is the ideal accompaniment for students of development economics and it will prove popular with lecturers and academics alike.

Macroeconomic policy is one of the most important area of development strategy. But until now we have lacked a guide to the macro-economics of developing countries. With the publication of the second edition of Raghav Jha's 'Macro-economics for Developing Countries', we now have an incisive and well-balanced view of some of the most urgent and important issues for facing the poorer world. - Tony Addison, Deputy Director, World Institute for Development Economics Research, United Nations University