The paper models the policy challenges facing globalising developing countries. Models from pure theory of international trade, the small open economy model, growth accounting, the Solow-Swan model, the Gravity Model, Models of Portfolion Diversification, Currency Crises Models. These models are...

The increasing cross-border flows of information, trade, capital and technology have profoundly changed the macroeconomic fabric of nations. In the emergent borderless world macroeconomic theories and policy-making confront new challenges. This paper identifies and evaluates some of these...