Analysis of development since the second world war. Planning and policymaking across countries and over time. Models of development, growth, foreign trade and investment. Trade, capital and technology flows and increasing interdependence. Macroeconomics of Development; Monetary, Fiscal and Exchange Rate Policies; Stabilization and adjustment, models of speculative attacks and financial crises. The political economy of policymaking and policy reform. Developing countries in global financial and trading system and institutions.