Economic Theory and Under-developed Regions

advanced countries analysis assumption backwash effects basis become capital chapter circular causation classical economists colonial cumulative process demand democracy developed countries direction dynamic economic development economic planning economic theory equalisation equality doctrine equality ideal equality of opportunity expansionary momentum export fact factors factors of production free trade doctrine greater equality groups harmony of interests implies important income increase industrial inherited inter-relations international economic inequalities international inequalities international trade investment Knut Wicksell labour laissez-faire living logical market forces ment moral national plan natural law Negro non-economic organisations particular philosophies political poor poorer countries population poverty predilections price system problems production Ragnar Nurkse realistic reality reasons reforms regional inequalities relations result richer countries Second World War situation social process spread effects stable equilibrium stagnation tend tendency theoretical theory of international tion tradition under-developed countries under-development and development usually valuations value premises welfare whole