Economic structuralists use a broad, systemwide approach to understanding development, and this textbook assumes a structuralist perspective in its investigation of why a host of developing countries have failed to grow at 2 percent or more since 1960. Sensitive to the wide range of factors that affect an economy's strength and stability, the authors identify the problems that have long frustrated growth in many parts of the developing world while suggesting new strategies and policies to help improve standards of living.

After a survey of structuralist methods and post-World War II trends of global economic growth, the authors discuss the role that patterns in productivity, production structures, and capital accumulation play in the growth dynamics of developing countries. Next, it outlines the evolution of trade patterns and the effect of the terms of trade on economic performance, especially for countries that depend on commodity exports.

The authors acknowledge the structural limits of macroeconomic policy, highlighting the negative effects of financial volatility and certain financial structures while recommending policies to better manage external shocks. These policies are then further developed through a discussion of growth and structural improvements, and are evaluated according to which policy options-macro, industrial, or commercial—best fit within different kinds of developing economies.

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Yes, you can access Growth and Policy in Developing Countries by José Antonio Ocampo, Codrina Rada, Lance Taylor in PDF and/or ePUB format, as well as other popular books in Economics & Sustainable Development. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Columbia University Press

Year

2009

ISBN

9780231520836

Topic

Economics

Subtopic

Sustainable Development

Index

Economics

Cover
Half title
Series Page
Title
Copyright
The Initiative for Policy Dialogue at Columbia
Dedication
Contents
List of Figures
List of Tables
Preface
Chapter 1. Economic Structure, Policy, and Growth
Chapter 2. Growth and Policy Space in Historical Terms
Chapter 3. Growth Rates, Economic Structures, and Energy Use
Chapter 4. Open Economies and Patterns of Trade
Chapter 5. Patterns of Net Borrowing in Open Developing Economies
Chapter 6. Financial Structures
Chapter 7. Macroeconomic Policy Choices
Chapter 8. Growth and Sectoral Policy
Chapter 9. Stylized Facts and Policy Alternatives
References
Index