The Science of Economic Development and Growth: The Theory of Factor Proportions: The Theory of Factor Proportions
A theoretical framework aiming to facilitate study of development economics. The author presents his theory in three sections: how advanced nations developed; a proposed third dimension, in addition to labour and capital; and why capital accumulation is unnecessary, even potentially harmful.
What people are saying - Write a review
We haven't found any reviews in the usual places.
2 Science and Economic Development
3 Theory of Factor Proportions
4 Is the Technology There?
5 International Trade Versus Economic Development and Growth
6 International Factor Mobility
7 The World Economy and Globalization
Other editions - View all
The Science of Economic Development and Growth: The Theory of Factor ...
Limited preview - 2016
achieve activities advanced economy Africa American analysis argued basic billion capi capital deepening capital-intensive capital/labor ratio century China Chinese claimed competition conventional economics conventional economists cost coun country’s craft production crisis demand developing countries development and growth duction East Asian economic development economic growth economists economy of scale economy’s endogenous growth theory equipment example export factor endowments factor proportions factors of production firms flexible foreign investment global Ibid important income increase industry iron Krugman and Obstfeld labor labor-intensive land lean production macroeconomic manufacturing Marshall Plan mass production ment NAIRU neoliberal nomic output percent plant political poor countries potential output poverty primal societies problems production aids result Samuelson and Nordhaus scientific sector social South Korea strategy tech techniques tion U.S. economy underdeveloped United workers World Bank York