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This work models issues of macroeconomic adjustment and growth in developing countries. The topics have been chosen for their continued relevance in current policy debates. It investigates the appropriateness of the Fund Bank approach to macroeconomic adjustment, and modifies and analyzes the respective effects of the model in light of the country-specific constraints. It models trade, price formation process, and the determinants of long-run growth considering the role of endogenous growth and the demand factors in growth, and it incorporates both the demand and supply effects through an eclectic model of Keynesian-Neoclassical mix.