Subject(s): Macroeconomics. -- Economic policy. -- Sustainable development. -- Macroeconomics : Three perspectives on policy, macroeconomics different in developing countries, policy instruments from three perspectives- fiscal and monetary policy, open economy complications, exchange rate management and micro tools for macro management, policy framework, formal approaches -- Capital market liberalization (CML) : Capital market liberalization, formal approach- capital market failure, interventions in capital markets, capital market liberalization, stabilization, liberalization and growth