Economic DevelopmentM.E. Sharpe |
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... profits,other investorsare attractedto that sector, thus driving downprices. Thus the operation ofthe market system seemsto be guidedby aninvisible hand. Capital accumulation, specializationand division of labor, and operating in ...
... profits,other investorsare attractedto that sector, thus driving downprices. Thus the operation ofthe market system seemsto be guidedby aninvisible hand. Capital accumulation, specializationand division of labor, and operating in ...
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... profits will decline. Because new investmentis attractedby the prospect of profit, declining profit impliesdeclining investment and slowing growth,which will eventually lead toa stationary stateinwhich growth ceases. Classical ...
... profits will decline. Because new investmentis attractedby the prospect of profit, declining profit impliesdeclining investment and slowing growth,which will eventually lead toa stationary stateinwhich growth ceases. Classical ...
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... profit maximization. The traditional sector uses labor and land, and no saving or capital accumulation occurs.Surpluslabor exists, and decisionmakingis traditional in nature. Traditional decision making doesnot involve profit ...
... profit maximization. The traditional sector uses labor and land, and no saving or capital accumulation occurs.Surpluslabor exists, and decisionmakingis traditional in nature. Traditional decision making doesnot involve profit ...
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... profit bypayinglabor only apartof thevaluethat they generate and keeping therest asprofit, thus exploiting the worker. This“labor theory of value” isgenerally discredited by most modern economists. However, a more generalnotion of ...
... profit bypayinglabor only apartof thevaluethat they generate and keeping therest asprofit, thus exploiting the worker. This“labor theory of value” isgenerally discredited by most modern economists. However, a more generalnotion of ...
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... profit,thusexploitation occurs as competitionforlabor declines. Modern Marxists (Frank 1967) or dependency theorists use this notionof exploitation intrying to explain poverty in developing countries. They divide theworldinto the center ...
... profit,thusexploitation occurs as competitionforlabor declines. Modern Marxists (Frank 1967) or dependency theorists use this notionof exploitation intrying to explain poverty in developing countries. They divide theworldinto the center ...
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