Macroeconomic policies should aim for steady growth, full employment, stable prices, and a healthy external payments situation. Developing countries are increasingly exposed to global financial markets, which can bring volatility. Openness to foreign capital flows has grown, affecting stock markets, foreign exchange reserves, and monetary policy. While financial integration can help countries adjust policies, it also limits actions that could harm financial stability. Global markets pressure both policymakers and the private sector to make sound choices for long-term success.