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The article discusses a financial framework for economic growth in the United States. The article presents a unified financial counterpart to a long-term economic projection. Based on assumptions of varying rates of growth, a set of projections of economic activity in 1970 is presented. A "judgment" model will be selected based on the results of the projections. The article then introduces a theoretical framework that links levels of economic and financial activity. By using the "judgment" model as a reference, the pattern of relationships will be applied to a projection of assets and liabilities for the individual components of the financial network.

The article assesses financial innovation and structural change in the early stages of industrialization based on the experience of the financial sector in Mexico from 1945-1959. A description of a traditional economy is included as is the transformation by which such an economy can become a developing economy through alterations in the production function. There are five ways, the article states, for financing innovation in developing economies, including self-financing, tax increases, direct financing, government securities, and indirect financing.