Growth and Policy in Developing Countries: A Structuralist Approach

José Antonio Ocampo, Codrina Rada, and Lance Taylor

eISBN: 9780231520836

2009 (200 pages )

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Complete Book Download (pages 1-200)

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Table of Contents (pages 9-10)

Download List of Figures
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List of Figures (pages 11-12)

Download List of Tables
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List of Tables (pages 13-14)

Download Preface
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Preface (pages 15-20)

Download 1. Economic Structure, Policy, and Growth
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1. Economic Structure, Policy, and Growth (pages 21-44)

Download 2. Growth and Policy Space in Historical Terms
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2. Growth and Policy Space in Historical Terms (pages 45-56)

Download 3. Growth Rates, Economic Structures, and Energy Use
(pages 57-77)
3. Growth Rates, Economic Structures, and Energy Use (pages 57-77)

Download 4. Open Economies and Patterns of Trade
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4. Open Economies and Patterns of Trade (pages 78-94)

Download 5. Patterns of Net Borrowing in Open Developing Economies
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5. Patterns of Net Borrowing in Open Developing Economies (pages 95-103)

Download 6. Financial Structures
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6. Financial Structures (pages 104-116)

Download 7. Macroeconomic Policy Choices
(pages 117-140)
7. Macroeconomic Policy Choices (pages 117-140)

Download 8. Growth and Sectoral Policy
(pages 141-161)
8. Growth and Sectoral Policy (pages 141-161)

Download 9. Stylized Facts and Policy Alternatives
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9. Stylized Facts and Policy Alternatives (pages 162-178)

Download References
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References (pages 179-188)

Download Index
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Index (pages 189-200)

Growth and Policy in Developing Countries: A Structuralist Approach

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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