Improved understanding of the key role of financial aspects in the growth and development of economic systems is an important aspect of economic analysis. This book focuses on development finance, and provides a comprehensive coverage of this area of economics. It integrates relevant theoretical approaches and their policy applications.

This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lopsided, since the implications on the role of human capital and loss of prosperity base are usually ignored. This book argues that various misapplications of policies of government austerity can be...