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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Growth and Policy in Developing Countries: A Structuralist Approach

Growth and Policy in Developing Countries: A Structuralist Approach

Rada, Codrina
Taylor, Lance
Ocampo, José Antonio

Hardcover

Series: Initiative for Policy Dialogue at Columbia: Challenges in De

Business GeneralEconomicsInternational Relations

ISBN10: 0231150148
ISBN13: 9780231150149
Publisher: Columbia Univ Pr
Published: Oct 22 2009
Pages: 200
Weight: 0.90
Height: 0.90 Width: 6.10 Depth: 9.00
Language: English

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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