Economic DevelopmentM.E. Sharpe |
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... agricultural sector,then the lawof diminishing returns implies that foodprices willrise. Wages must increase ifworkers are to survive, and therefore profits will decline. Because new investmentis attractedby the prospect of profit ...
... agricultural sector,then the lawof diminishing returns implies that foodprices willrise. Wages must increase ifworkers are to survive, and therefore profits will decline. Because new investmentis attractedby the prospect of profit ...
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... agricultural sector and raising the costof grain to workers.Ricardo's analysis led himto argue that theCornLaws shouldbeeliminated and grain shouldbefreely importedinto England to lower thecost of grain, keeping wages low and profits ...
... agricultural sector and raising the costof grain to workers.Ricardo's analysis led himto argue that theCornLaws shouldbeeliminated and grain shouldbefreely importedinto England to lower thecost of grain, keeping wages low and profits ...
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... agricultural sector must increase.Thus ina closedeconomy setting(no trade), balanced growthistheonly possiblegrowth path. That is,growthin the modern sector must bematched bygrowth in the traditional (agricultural) sector. Therefore ...
... agricultural sector must increase.Thus ina closedeconomy setting(no trade), balanced growthistheonly possiblegrowth path. That is,growthin the modern sector must bematched bygrowth in the traditional (agricultural) sector. Therefore ...
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Contents
Growth Versus Development HistoryofDevelopment Theory | |
References | |
European Emergence Growth Duringthe IndustrialRevolution | |
Protoindustrialization and Trade | |
Exploitation and Slavery The Evolutionand Role of Political Institutions | |
Recent Experience | |
The Chinese Experience | |
Explanation forDifferent ReformPaths Recent Chinese Experience | |
Urban Bias and Migration | |
Lineage Groups Fertility andthe Transition Demographic | |
Role of the Government What We Have Learned | |
Population Growth the Commitment Problem | |
TheMiddle East and North Africa | |
The Emergence of NationStates Petroleum Exports and the Petroleum Exporters | |
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Common terms and phrases
accumulation agricultural productivity agricultural sector andthe argued Asia Botswana bythe capital capital accumulation China Chinese colonial commercial comparative advantage competition created decline demographic dividend dependency theorists dependent developing countries developmental discussed domestic dramatically economic development economic growth efflorescences England environment environmental equilibrium Europe European expansion experience exports extract farmers firms fromthe growth rate impact important incentive income increased independence India Industrial Revolution industrialization infrastructure inputs institutional structure inthe investment involved Japan Japanese labor laborintensive land Latin America lineage groups longterm manufacturing Mform occur ofthe onthe organization output patronclient peasant percent periphery policies political population poverty predatory problem profit protoindustrial rapid reduce reform region rent seeking result revenue ruling elite rulingelite rural significant Smithian growth social South Asia South Korea Soviet Union subSaharan Africa surplus Taiwan theruling elite tobe tothe trade transition urban wealth withthe workers