The question as to which economic sectors can play a leading role in a development process has given rise to two schools of thought. The author presents a survey of the “balanced” and “unbalanced”. paper "Theories of balanced and unbalanced growth: a critical appraisal', Kyklos, BALANCED v. UNBALANCED GROWTH regards the objective in view. For example, when Nurkse coined the term 'balanced growth', the objective he had in 2), and P. J. Wiles, 'Choice versus Growth', Economic Journal, The author is a development economist at the Asian Institute for Economic Developm More. About. Figures; Related; Information. ePDF PDF. PDF. ePDF PDF. PDF. Tools. Request permission · Export citation · Add to favorites · Track citation. Share. Give access. Share full text access. Share full text access. Please review.
Development. ECONOMICS. Balanced and unbalanced growth. James E. Rauch *'1. Rusell Sage Foundation, 11 East 64th Street, New York, NY , USA. Abstract. A model is developed that . allocative efficiency versus entrepreneurial rents that characterizes many endoge- nous growth models, for example those of. In short, industrialization and agricultural improvement are not alternative roads to' economic development, but are completely complementary. 15 Balanced versus. Unbalanced Growth. The last few years have brought a concentrated attack on “gradualism” and "incrementalism” as an approach to economic development. Home» Journal» Vol. 7, Issue No. 44, 29 Oct, » Balanced vs Unbalanced Growth. Balanced vs Unbalanced Growth. Special Articles · Vol. 7, Issue No. 44, 29 Oct, PDF icon Download PDF Version · Bibtex · Endnote · RIS. Comments. (-) Hide. EPW looks forward to your comments. Please note that comments are.
Balanced and unbalanced growth. Theories of balanced and unbalanced growth. (1) Nurkse's balanced growth theory. The scale of a country's economy is determined by its trading conditions with other countries, in addi- tion to other factors including the three major factors of production (land, private capital, and. Although the contemporary writings on economic development nay differ greatly on the process of development and implementa- tion of policies regarding development, they all agree that the stage of underdevelopment is one with a " quasi-equilibrium" char- acter. They also all agree that a "vicious circle of poverty" exists in. Balanced and unbalanced growth. In developing econom ies there is low investm ent due to the low dom estic savings. This com bined w ith under developed financial m arkets generates uncertainty and leads to low private investm ent. Balanced and unbalanced grow th are intended as m ethods of achieving developm ent.