Growth and Policy in Developing Countries: A Structuralist Approach (Initiative for Policy Dialogue at Columbia) : A Structuralist Approach

Jose Antonio Ocampo, Codrina Rada, Lance Taylor

ISBN 10: 0231150148 / ISBN 13: 9780231150149

Published by Columbia University Press, 2009

About this Item

Neu Neuware, Importqualität, , Sofortversand - Economic structuralists conduct a system-wide analysis of a given economy, including its social context, which can be particularly valuable in determining why poor countries consistently fail to grow. This textbook studies, from a structuralist perspective, the reasons why a host of developing countries have failed to grow steadily at 2 percent or more since the 1960s. Sensitive to the wide range of factors that affect an economy's strength and stability, this volume identifies the policy problems that have long frustrated the countries of South and Southeast Asia, the Middle East, North Africa, Eastern Europe, Latin America and the Caribbean, and others, while suggesting new initiatives for change.

Seller Inventory # INF1000177911

Bibliographic Details

• Title: Growth and Policy in Developing Countries: A Structuralist Approach (Initiative for Policy Dialogue at Columbia) : A Structuralist Approach
• Publisher: Columbia University Press
• Publication Date: 2009
• Language: English
• ISBN 10: 0231150148
• ISBN 13: 9780231150149
• Binding: Gebundene Ausgabe
• Condition: Neu
• Dimensions: 237W x 162H x 18D millimeters 237 millimeters width by 162 millimeters height by 18 millimeters depth
• Weight: 424 grams

About this title

Synopsis

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.

About the Author

José Antonio Ocampo is codirector of Banco de la Republica (Colombia’s central bank), professor in the School of International and Public Affairs (on leave for public service), and copresident of the Initiative for Policy Dialogue at Columbia University. His books with Columbia University Press are Growth and Policy in Developing Countries: A Structuralist Approach (2009, coauthor), Development Cooperation in Times of Crisis (2012, coedited with José Antonio Alonso), and Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises (2016, also coedited with Joseph E. Stiglitz), and The Welfare State Revisited (2018).