What is unbalanced growth theory, Business Economics

Assignment Help:

What is Unbalanced Growth theory?

Unbalanced growth shares analysis along with balanced growth theorists which free markets cannot produce development. Planning of government intervention and co-ordination is needed.

Conversely, unbalanced growth theorists argue that adequate resources cannot be mobilised through government to promote coordinated, widespread investments into all strategic industries.

They argue that some industries along with the greatest number of backward and forward links should be prioritised. All favoured industries grow quicker than other regions of the economy.


Related Discussions:- What is unbalanced growth theory

Illustrate the main causes of inflation, QUESTION 1 (a) Illustrate the ...

QUESTION 1 (a) Illustrate the main causes of inflation in Mauritius. (b) Critically analyse the costs of inflation. Which of these items is likely to have encouraged the Mau

Differentiate value management and value engineering, Describe the differen...

Describe the difference between value management and value engineering. Value Engineering: It is concerned all along with determining the cheapest method of accomplishing

Colonial background countries of the development process, What are colonial...

What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin

Barriers or hindrances with presenting christian gospel, Barriers or Hindra...

Barriers or Hindrances with Presenting Christian Gospel 1.) What practical steps could be taken to build a relationship with a follower of this worldview who might be a co-wor

What is universal banking, It commonly refers to the combination of commerc...

It commonly refers to the combination of commercial banking and investment banking. It is a supermarket for both wholesaler n retailer financial services as it offers a huge range

Find the median voter eqm, In the model with utilities W i = c i + α l...

In the model with utilities W i = c i + α ln(x i ) where individuals are endowed with ability levels w p m R and form fractions π p , π m , π r with π m > π p , π r

Explain the theories of convergence, (a) Name three types of government int...

(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.

Is unemployment and underemployment a problem, Is unemployment and underemp...

Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality

Curse embodied, a)      What is the curse embodied in the standard producti...

a)      What is the curse embodied in the standard production function? How does technological advance permit  an economy to avoid this curse? b )    In what significant way doe

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