Economic Theory and the Underdeveloped CountriesCollection of essays on the applicability of economic theory to the economic development of developing countries - covers the relevance of theories and economic growth objectives, the role of trade, education, the impact of brain drain migration, economic planning and the market mechanism in inward and outward-looking countries of South East Asia, etc., and concludes that, given the economic dualism of developing countries, internal economic integration is a prior condition for the success of external economic integration on a regional basis. |
Contents
Economic Theory and Development Policy | 27 |
An Interpretation of Economic Backwardness | 49 |
The Gains from International Trade and the Backward Countries | 92 |
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able activities adopt advanced countries agricultural allocation amount analysis approach argument Asian backward countries Burma capacity capital comparative concept concerned consider considerable consumers controls costs created critics demand developed countries difficult direct domestic dynamic economic development effect enterprise existing expansion export fact factors forces foreign foreign exchange frequently further given growth import import substitution improve income increase industry infant interest international trade investment labour land manufacturing manufacturing industry mechanism ment merely methods natural optimum output particularly pattern peasant period planning population possible pressure primary problem production protection question reasons relative sector setting skilled social Southeast stage subsistence supply surplus technical tend theory tion traditional trained tries turn underdeveloped countries units universities wages