Subject(s): EconomicGrowth -- Economic development -- Developing countries -- Economic policy. -- International Trade and Development -- Privatizationa nd public reforms -- Economic development- concept and measurement : Income and poverty, income gap and convergence, development indicators Case studies - HDI in Kenya, Mexico and Canada, international income comparisons, deflation of national accounts -- Economic growth and its determinants : Empirical evidence and policy conclusions, technical change, empirical evidance and policy conclusions, macroeconomic growth models, neoclassical growth and stylized facts of economic growth, endogenous growth, Case studies - International convergence of income levels, sources of growth in Kenya's manufacturing sector -- Financing economic growth from domestic sources : Policies to accelerate economic growth, increasing savings, fiscal policy and tax reforms, financial intermediation and policy reform, inflation and monetary policy, case studies - tax reform in Indonesia, financial repression and liberalization in Chile -- Financing economic growth from external sources : Dual role of foreign saving and two gaps model, empirical evidence and testing of the two-gap model, official development assistance (ODA), foreign investment, foreign borrowing and debt crisis, Case study - Brazilian debt crisis, constraints to economic growth in Kenya- two gap model -- International trade and development : Comparative advantage and gains from trade, arguments in favour of trade restrictions, inward-oriented trade regimes, trade liberalization and outward orientation, analysis of trade policy reforms, international trade agreements, Case study - trade policy reform in Senegal, changing sources of growth in Mexican manufacturing sector -- External balance and exchange rate : Review of external account, exchange rate regimes and policies, polices for external balance, real exchange rate as a tool of analysis, currency devaluation and its consequences, Dutch disease syndrome, Case study- protection, sector bias and exchange rate in Mexico's trade policy reform -- Regional economic integration and monetary union : Stages of regional integration, regionalism v/s multilateralism, theory of customs unions, regional integration and intra-industry trade, monetary union and economic integration, regional integration attempts in less developed countries, Case study- regional integration and east Africa , monetary union- case of CFA franc zone -- Stabilization, structural adjustment and role of the IMF : External balance and stabilization polices, microeconomics of structural adjustment, effects of structural adjustment, reforms, social impact and transition cost, role of IMF in structural adjustment programmes, structural adjustment in sub- Saharan Africa, case study - structural adjustment in Ghana -- Cost-benefit analysis and competitiveness : Approaches to project and industry evaluation, net present value (NPV) methods, accounting for resource scarcities and economic objectives, estimating shadow prices, competitiveness and comparative advantage, case study - competitiveness and comparative advantage in Indian manufacturing -- Privatization and public sector reforms : Rational and problems of government ownership, experience of SOE reforms in developing countries, cost-benefit approaches to analysing SOE divestiture, privatization in central and eastern Europe (CEE), case study- privatization of a Mexican airline