© 2003

Global Markets and the Developing Economy


Part of the International Finance and Development Series book series (IFD)

Table of contents

About this book


E.V.K. 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. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.


Developing Countries development Economic Development financial markets income distribution Keynes labor market macroeconomics

Authors and affiliations

  1. 1.Finance and Trade Policy Research CentreUniversity of OxfordUK
  2. 2.Institute of Social StudiesThe HagueNetherlands

About the authors

E.V.K. FITZGERALD is Reader in International Economics and Finance at Oxford University, Professorial Fellow of St Antony's College Oxford, and Extraordinary Professor of Economics at the Institute of Social Studies, The Hague. He has served as economic advisor to a number of governments, including Mexico, Nicaragua and the United Kingdom, and as consultant to the OECD, UNCTAD and UNICEF.

Bibliographic information

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