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The macroeconomic environment in developing countries has continued to change since the past three decades. Among the countries that have been in the forefront of these changes, stabilization issues have ceased to hold exclusive sway over the policy agenda. In several of these countries, issues that dominate the public policy debates nowadays are more structural in nature and include financial liberalization, income distribution and poverty alleviation, and improvements in accountability and transparency of government operations. Wider-ranging reforms have, in many cases, benefited from the process of democratization and decentralization of power that developing countries have continued to experience in the past few years. This book is therefore, analyzes the art and science of economics; national economy; economic fluctuations and growth; aggregate demand and aggregate supply; productivity and growth; unemployment and inflation; aggregate expenditure components; fiscal policy; money and financial system; monetary theory and policy; the national budget and public policy; and international finance. This book is purposely prepared for University Students.
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Dr. Noordin Jella, Ph.D.: Studied Quantitative economics at Kharkov National Economic University (Ukraine Republic). Currently lecturer at Kampala International University - Dar es Salaam Branch. He also worked with Mzumbe University and The Open University of Tanzania before as a lecturer too. Dr. Jella was born and grew in Russia.
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