Economic Growth and Development
Chapter 8 Economic Growth and Economic Structure since 1750 The previous chapter placed inequality into an international perspec ...
was not appropriate for developing countries. As development was enlarging the stock of resources, concern had to be with invest ...
Inequality: the Kuznets inverted U A second important structural change that occurs with development is that of inequality. In a ...
Historical case studies of China and Japan, however, provide support for the idea that the agricultural sector can have a positi ...
growing countries such as South Korea and Malaysia. The share remains at high (though declining) levels for poorer countries suc ...
fairly egalitarian manner so increased output tended to boost the disposable incomes of the large rural population. Farmers spen ...
Agriculture in the contemporary world Most contemporary debates around agriculture lack any sort of historical perspective. Some ...
(1968) found structural change was slower among countries rich in natural resources (they included Venezuela, Malaysia and Iraq ...
access to new technology. Much of this effort required the growth of consumer demand to be deliberately suppressed. For example, ...
capitalist system) but could not replace it with production based on need, and much of the resulting output was unwanted junk. A ...
countries such as France, Germany and Japan the share of the service sector exceeds 70 per cent, and in the UK today around 80 p ...
government. Prebisch argued that these demand-and-supply factors caused the terms of trade (see below) to move against the perip ...
1973 was again associated with a slowdown in productivity growth, particu- larly in the developed countries. Kaldor’s Third Law ...
declining sectors (agriculture) and consequently often argue in favour of government intervention to manipulate relative prices ...
lower levels of per capita income than observed historically in today’s devel- oped countries. In the past this historical turni ...
about 7 million were lost because of developing-country competition and about a million were created by additional exports to th ...
Three laws developed by Nicholas Kaldor show that the industrial sector is the dynamic centre of technical change and productiv ...
Chapter 9 Colonialism Most people agree that the subjugation and subsequent domination by one country of another is a bad thing. ...
The Acemoglu et al. thesis Acemoglu et al.(2001) argue that geography determined the nature of colo- nialism,which in turn had l ...
labour; and ‘neo-Europes’ or ‘settler colonies’ where colonial policy tried to replicate European institutions with an emphasis ...
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