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About Topic 3 - Todaro, Economic Development - Ch.3 (Wiscana AP)
This chapter discusses classic theories of economic growth and development, including: 1) Rostow's stages of growth model and the Harrod-Domar growth model which emphasize physical capital accumulation. 2) The Lewis two-sector model of labor transfer and structural change theories focusing on industrialization. 3) Dependence theories that argue development is constrained by unequal global power structures. 4) Neoclassical counterarguments favoring free markets, and the Solow growth model emphasizing technology, labor, capital.
Detailed Information
| Author: | ['Wiscana Chacha'] |
|---|---|
| Publication Year: | 2018 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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