Economic DevelopmentM.E. Sharpe |
From inside the book
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As mentioned above, economic development was traditionally equated with economic growth, which is typically measured bypercapita GDP.GDP is the marketvalue of allfinal goods andservices producedinan economyin a year. However, given ...
As mentioned above, economic development was traditionally equated with economic growth, which is typically measured bypercapita GDP.GDP is the marketvalue of allfinal goods andservices producedinan economyin a year. However, given ...
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Deprivations in knowledge are measured by the percentage of adults who are illiterate. Deprivationsina decent ... growth rate when assessing whether acountry has shown signs of development.They confuse prosperity with development ...
Deprivations in knowledge are measured by the percentage of adults who are illiterate. Deprivationsina decent ... growth rate when assessing whether acountry has shown signs of development.They confuse prosperity with development ...
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guiding economic activities for the benefit of all. In this context “laissez faire” should characterize thegovernment's ... growth. Malthusargued thathuman populations tendto grow atageometric rate (2, 4, 6, 8, 16,32,...),but food grows ...
guiding economic activities for the benefit of all. In this context “laissez faire” should characterize thegovernment's ... growth. Malthusargued thathuman populations tendto grow atageometric rate (2, 4, 6, 8, 16,32,...),but food grows ...
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... in capital required to increase output by oneunit.The lower this ratio, the moreefficient the useof capital. The third component istherate of population growth. In order toincrease per capita (perperson) output, GDP must grow more ...
... in capital required to increase output by oneunit.The lower this ratio, the moreefficient the useof capital. The third component istherate of population growth. In order toincrease per capita (perperson) output, GDP must grow more ...
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called the neoclassical or Solow growth model, which refocused attention on the law of diminishing returns. Let us recall thefactors that cancause growth in GDPper capitainthe HarrodDomar model. Assumeasituation inwhich GDP and ...
called the neoclassical or Solow growth model, which refocused attention on the law of diminishing returns. Let us recall thefactors that cancause growth in GDPper capitainthe HarrodDomar model. Assumeasituation inwhich GDP and ...
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