Econ9.8.10

Econ9.8.10 - Dualist structures: Social...

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Dualist structures: Social systems/institutions vs. imported Handicrafts vs. modern industry: higher wages, higher labor productivity Local trade vs. export orientation Colonial rule leads to biased investment, export-oriented Potentially destroys emerging industries Benefit of colonizer: local industries do not expand How to increased quality of life in village: Roads/railroad Primary schools Outmigration Ch.5 When we talk about development economics, we typically think of these people as the main players 1.Theory of the big push(Paul Rosenstein-Rodan) Large scale investment of all sectors, typically by the government Get out of low level equilibrium trap Disguised unemployment (work at low productivity, less hours, low wages) Emphasis on infrastructure (social overhead capital) Potentially large positive externalities (work force training) 2.Theory of unbalanced growth (Albert Hirschman) Government resources are too limited for big push Focus on core industries: high degree of backward linkages: creating profit opportunities
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This note was uploaded on 04/06/2011 for the course ECON 343 taught by Professor Miyao during the Fall '08 term at USC.

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Econ9.8.10 - Dualist structures: Social...

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