We consider the statistical mechanics of a full set of two-dimensional
protein-like heteropolymers, whose thermodynamics is characterized by
the coil-to-globular (T-theta) and the folding (T-f) transition tempe
ratures. For our model, the typical time scale for reaching the unique
native conformation is shown to scale as tau(f) similar to exp[sigma/
sigma(0)]. We argue that T-f scales linearly with the inverse of entro
py of low-energy non-native states, whereas T-theta is almost independ
ent of it. As sigma-->0, non-productive intermediates decrease, and th
e initial rapid collapse of the protein leads to structures resembling
the native state. Based solely on thermodynamic information, sigma ca
n be used to predict sequences that fold rapidly.