The department is a lively community that is recognised internationally as one of the top centres for research and teaching in development studies.

Our courses offer excellent training for a career in international development or for advanced study, and attract students of the highest calibre from across the world.
“I had waited for 10 years before my dream to study in Oxford became a reality and the experience was truly beyond expectation”
Our students are taught to develop as critical and independent thinkers and when they leave us they are equipped with the knowledge and skills they need to bring about real change.
“My time at Oxford strengthened my critical analysis and provided me with a unique interdisciplinary grounding in history, politics and economics that has equipped me well in dealing with public policy issues and program development strategy.”
Our courses offer excellent training for a career in international development or for advanced study, and attract students of the highest calibre from across the world.
“I had waited for 10 years before my dream to study in Oxford became a reality and the experience was truly beyond expectation”
Our courses offer excellent training for a career in international development or for advanced study, and attract students of the highest calibre from across the world.
“I had waited for 10 years before my dream to study in Oxford became a reality and the experience was truly beyond expectation”
Our students are taught to develop as critical and independent thinkers and when they leave us they are equipped with the knowledge and skills they need to bring about real change.
“My time at Oxford strengthened my critical analysis and provided me with a unique interdisciplinary grounding in history, politics and economics that has equipped me well in dealing with public policy issues and program development strategy.”
Our students are taught to develop as critical and independent thinkers and when they leave us they are equipped with the knowledge and skills they need to bring about real change.
“My time at Oxford strengthened my critical analysis and provided me with a unique interdisciplinary grounding in history, politics and economics that has equipped me well in dealing with public policy issues and program development strategy.”
The paper evaluates in depth, the exchange control measures imposed by Malaysia in September-1998. Controls are evaluated using three alternative benchmarks?Malaysia vs. itself (pre-controls), vs. ex-ante forecasts of Malaysia for the year-1999, and Malaysia vs. the other affected East Asian economies. The comparisons suggest that controls were effective in turning some key variables around, especially the stock market index, and also enabled Malaysia to incur fewer social costs vis-?-vis the other crisis-economies. Finally, a GARCH measure of Malaysia?s interest-rate and stock-market volatility is obtained and the impact of controls on volatility studied. Evidence was found of volatility responding differentially to the Russian crisis (before controls) and the Brazilian crisis (after controls), indicating that controls helped insulate Malaysia from developments in global financial markets. Overall the paper confirms the necessity of LDCs retaining the capital controls option in the absence of material efforts to reform the international financial architecture and the inadequacy of conventional policy tools to effectively deal with present-day capital flows.