Includes bibliographical references (p. [159]-167) and index.

1. Economic structure, policy, and growth -- 2. Growth and policy space in historical terms -- 3. Growth rates, economic structures, and energy use -- 4. Open economies and patterns of trade -- 5. Patterns of net borrowing in open developing economies -- 6. Financial structures -- 7. Macroeconomic policy choices -- 8. Growth and sectoral policy -- 9. Stylized facts and policy alternatives.

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.