Abstract: The object of this paper is to analyse the differences between the economies of industrialized
countries and developing countries, which have important implications for macroeconomics in terms of theory
and policy. Such differences shape not only the descriptive but also the analytical and the prescriptive
dimensions of macroeconomics in developing countries. And, even if the foundations of macroeconomics are
the same, a recognition of these differences is essential for an understanding of reality in the context of
developing countries.