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.
Subjects: Business, Political Science
Table of Contents
You are viewing the table of contents
You do not have access to this
on JSTOR. Try logging in through your institution for access.