This module aims to develop the skills necessary to analyse the main sources of financing for development and the manner in which they may optimally contribute to the development process. This module will explore the changing pattern of development finance: global capital flows and their interrelationship; international capital markets, instability and possible counter-measures. This module will also cover public sector finance; patterns of government sector financing; efficiency, equity and stabilisation issues in LDC tax policy; new tax sources; tax revenue, aid and governance; user charges; optimal fiscal policy. The module will also review private sector finance: the banking and company sector in LDCs; patterns of corporate finance; relationship between global bond and equity markets; finance for the SME sector; microfinancial services. Finally, the model will analyse the interlinkage between public and private finance: problems posed by the weakness of the private sector (Africa and S. Asia); international organisations, structural adjustment and financial-sector reform 1980-2000.