Migration model of todaro and harris, International Economics

Assignment Help:

Q. The migration model of Todaro and Harris provided an important theoretical critique of the manufacturing-biased import-substitution trade-policy stance. Illustrate.

Answer: The Lewis model provide a rationale for manufacturing-biased import substitution trade policy since the marginal cost of expanding manufactures is close to zero just high enough to induce a worker to migrate from the farm to the city. Though Harris and Todaro identified a significant negative social and economic externality associated with this process namely the problems associated with unplanned and very rapid urbanization combined with rapidly rising expectations of urban migrants.

1483_Migration model of Todaro and Harris.png


Related Discussions:- Migration model of todaro and harris

How were the initial members of emu chosen, Q. How were the initial members...

Q. How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic

ECONOMICS, In the Ricardian analysis, why does each trading partner have an...

In the Ricardian analysis, why does each trading partner have an incentive to produce at an endpoint of its production-possibility frontier? Why are prices of factors of production

Customs union under conditions of oligopoly, using diagrams, corden''s theo...

using diagrams, corden''s theory of customs union under conditions of oligopoly and within the existence of external economics of scale.

What facts could proponents of an expansion of nafta, Q. It is still the c...

Q. It is still the conventional wisdom in the U.S. that compliance with NAFTA needs is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other en

Extensive import-substitution industrialization, Q. The United States, as ...

Q. The United States, as it began its long and unbeaten growth in the early 19th Century, consciously promoted domestic production through such activities as tariffs, Clay's Ameri

Trade barriers, why do nations impose trade barriers

why do nations impose trade barriers

Why the production distortion is indeed a loss to society, Q. The two dead...

Q. The two deadweight triangles are the Production distortion and Consumption distortion losses. It is simple to understand why the Consumption distortion constitutes a loss for

Permanent increase in the united states money supply, Q. Using 4 different ...

Q. Using 4 different figures, plot the time paths showing the effects of a permanent increase in the United States money supply on: A. U.S. money supply. B.

Calculus, Application of defferential calculus in economics

Application of defferential calculus in economics

Effects of a rise in real domestic money demand, Q. Using the AA - DD fra...

Q. Using the AA - DD framework, compare the effects of a rise in real domestic money demand under flexible and under fixed exchange-rate regimes. Answer: Under floating an i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd