Economic DevelopmentM.E. Sharpe |
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... occur, the production process must be broken down into specifictasks, and labor mustbe divided into groups, eachof which would specialize in a particular task. This process of specialization and division oflabor would lead to ...
... occur, the production process must be broken down into specifictasks, and labor mustbe divided into groups, eachof which would specialize in a particular task. This process of specialization and division oflabor would lead to ...
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... occur within acompetitive market system in which specialization and divisionoflabor accompany capital accumulation. T.R. Malthus (1766–1834) focused his attention on anissuethat received lessanalysis inSmith's work. Specifically ...
... occur within acompetitive market system in which specialization and divisionoflabor accompany capital accumulation. T.R. Malthus (1766–1834) focused his attention on anissuethat received lessanalysis inSmith's work. Specifically ...
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... 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, causing ...
... 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, causing ...
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... no saving or capital accumulation occurs.Surpluslabor exists, and decisionmakingis traditional in nature. Traditional decision making doesnot involve profit maximization. Instead, output is shared among members of the household,
... no saving or capital accumulation occurs.Surpluslabor exists, and decisionmakingis traditional in nature. Traditional decision making doesnot involve profit maximization. Instead, output is shared among members of the household,
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... occur in the modernsector. Growth there requires additional labor drawn from the traditional sector. Initially, this labor is surplus in nature, meaning its marginal productivity is zero. Thus output in the traditional sectorremains the ...
... occur in the modernsector. Growth there requires additional labor drawn from the traditional sector. Initially, this labor is surplus in nature, meaning its marginal productivity is zero. Thus output in the traditional sectorremains the ...
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