Economists have long searched for patterns that relate successful development to structure and policy. This article reviews the experience of growth and industrialization in the postwar period in more than 100 economies, drawing on time-series data over a three-decade period. Economies are...

One of the principal means for poor countries to accelerate their development is by using external resources to supply additional imports and to finance a higher level of investment. While this policy offers substantial benefits, it also requires that the structure of the economy be adapted to...