This collection of papers investigates the macroeconomic implications of global interactions between developed and developing economies, focusing on policy design for the 'South'. The authors, utilizing recent advances in global macroeconomic modeling, examine how developments in industrialized nations impact developing countries and explore international policy questions within a comprehensive global framework. The book specifically considers policy packages for the Third World, such as the trade-offs between aid and trade, and the design of growth-oriented adjustment strategies, all within an empirical context.

This collection is likely to be of significant interest to academics and policymakers involved in international economics and development studies. The focus on applying advanced modeling techniques to North-South interactions suggests a rigorous, data-driven approach to understanding global economic dynamics. The book's examination of policy design for developing nations indicates a practical orientation, aiming to inform strategies for aid, trade, and economic adjustment.