An introduction to macroeconomics in developing countries, this book presents the main elements of macroeconomics and shows how the models produced for industrialized societies need to be modified for various groups of less developed countries. It is desogned for those with little or no knowledge of economics, but who wish to understand the issues involved in the stabilizing of national income and the price level, and in keeping a sustainable balance of payments. It focuses on a number of measures designed to create stability including fiscal policy, the exchange rate, wages and interest...

First published in 1998, the contents of this book is the result of a series of studies by several Albanian scholars, in cooperation with contributors of differing nationalities, on various aspects of the Albanian economy during its `transition to market'. This study's multiple aim is to provide an accessible body of information for outsiders interested in Albania ; to provide locally based teaching material for Albanian economics students; and to also clarify policy issues.