Stabilization and Growth in Developing Countries

1. Introduction; 2. The Basic Model; 2.1 Price Formation and Inflation Rates; 2.2 Internal and External Balance; 2.3 The Trade Surplus and Activity Level; 2.4 Financial Markets; 2.5 Public Sector Flows of Funds; 2.6 Classic Structuralist Results in the Short Run; 3. Alternative Macroeconomic Closures; 3.1 Monetarism; 3.2 External Strangulation; 3.3 Flexible Prices and Access to Foreign Exchange; 3.4 Financial Liberalization; 3.5 Summary on Alternative Closures and Extensions to the Basic Model; 4. Macro Adjustment in the Short Run; 4.1 Export Subsidies and Import Quotas; 4.2 Food Subsidies and Food Price Inflation; 4.3 Public Enterprise Pricing; 4.4 Orthodox Shocks; 4.5 Heterodox Shocks; 4.6 Summary about the Short Run; 5. Distribution, Growth and Inflation in the Medium Run; 5.1 Mark-up Dynamics; 5.2 Exchange Rate Dynamics; 5.3 Long-Run Distribution Among All Concerned; 5.4 Economic Regimes; 5.5 Extensions to Several Sectors; 5.6 Summary about the Long Run; References; Appendix; Index;