Synopsis Contemporary Issues in Development Economics : Models and Applications is an edited volume based on papers presented at a UGC-sponsored seminar organized by the Department of Economics, Rabindra Bharati University, Kolkata and invited papers from the distinguished scholars. Thematically, these papers are arranged into two sections: (i) Theoretical issues and (ii) Development Issues. The book contains an editorial introduction on the contemporary issues in development economics relating to financial sector, social sector, micro-finance and international trade. The book will be useful to academicians, researchers and general readers interested in development economics in the context of changing economic scenario.