Economic DevelopmentM.E. Sharpe |
From inside the book
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... labor was a powerful factorthat allowed growth in the ability to produce. For this to occur, the production process must be broken down into specifictasks, and labor mustbe divided into groups, eachof which would specialize in a ...
... labor was a powerful factorthat allowed growth in the ability to produce. For this to occur, the production process must be broken down into specifictasks, and labor mustbe divided into groups, eachof which would specialize in a ...
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... labor.The growing productivity means that marketsmust also grow in size andextent. Marketsarewhere buyers and sellerscome together to exchange goodsfor moneyand money for goods. For markets tofunction properly, there mustbe rules and ...
... labor.The growing productivity means that marketsmust also grow in size andextent. Marketsarewhere buyers and sellerscome together to exchange goodsfor moneyand money for goods. For markets tofunction properly, there mustbe rules and ...
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... labor did not occur to any significant extent. However,the growthof factories and mass production employed unskilled laborrather than skilled laborvia the apprenticeship system. Factory production therefore allowed men to marry earlier ...
... labor did not occur to any significant extent. However,the growthof factories and mass production employed unskilled laborrather than skilled laborvia the apprenticeship system. Factory production therefore allowed men to marry earlier ...
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... labor, and that the supply of land is fixed while thatof labor grows. If technology does notchange, then as increasing amounts of labor areapplied to a fixed amount of land, output will increase, butin diminishing amounts—this, in sum ...
... labor, and that the supply of land is fixed while thatof labor grows. If technology does notchange, then as increasing amounts of labor areapplied to a fixed amount of land, output will increase, butin diminishing amounts—this, in sum ...
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... labor used. As the table shows, output rises,but in diminishing amounts. Why does output rise, but in diminishing amounts? Economists argue that this is due to congestion. Asmore labor worksafixed amount of land, each worker has ...
... labor used. As the table shows, output rises,but in diminishing amounts. Why does output rise, but in diminishing amounts? Economists argue that this is due to congestion. Asmore labor worksafixed amount of land, each worker has ...
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