Economic DevelopmentM.E. Sharpe |
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... workers would be combined with tools (capital) to produce on a largescale (factories). After the production process is divided into specifictasks, it also becomes easierto design improvements inthe tools, thus again enhancing overall ...
... workers would be combined with tools (capital) to produce on a largescale (factories). After the production process is divided into specifictasks, it also becomes easierto design improvements inthe tools, thus again enhancing overall ...
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... worker has lessland towork, which leads, eventually, toworkers getting in one another's way. Thus the increases in output becomesmallerand smaller. Ricardo,like Smith, thought that savings, investment, andcapital accumulation drive the ...
... worker has lessland towork, which leads, eventually, toworkers getting in one another's way. Thus the increases in output becomesmallerand smaller. Ricardo,like Smith, thought that savings, investment, andcapital accumulation drive the ...
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... 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 high. Thus capital accumulation and growth could ...
... 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 high. Thus capital accumulation and growth could ...
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... workers. This sortof model operatesin the following manner.Saving, investment, and capital accumulation occur in the modernsector. Growth there requires additional labor drawn from the traditional sector. Initially, this labor is ...
... workers. This sortof model operatesin the following manner.Saving, investment, and capital accumulation occur in the modernsector. Growth there requires additional labor drawn from the traditional sector. Initially, this labor is ...
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... worker. This“labor theory of value” isgenerally discredited by most modern economists. However, a more generalnotion of exploitation can be developed. One can think of exploitation as paying workers less than they are worth.For example ...
... worker. This“labor theory of value” isgenerally discredited by most modern economists. However, a more generalnotion of exploitation can be developed. One can think of exploitation as paying workers less than they are worth.For example ...
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