Economic Theory and Under-developed RegionsDiscusses economic, social and political problems facing under-developed countries with emphasis on the aspect of economic inequalities between developed and under-developed countries. |
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advanced countries analysis approach assumption backwash effects basis become capital chapter circular causation classical economists colonial cultural cumulative process demand democracy developed countries dynamic economic development economic planning economic theory equalisation equality doctrine equality ideal equality of opportunity expansionary momentum export fact 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 logical market forces ment moral national integration national plan natural law Negro opportunistic organisations particular philosophy political poor poorer countries population poverty price system problems production Ragnar Nurkse reasons reforms regional inequalities relations result richer countries Second World War situation social process society 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