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before the Societe deconomie politique in Cairo in April 1952
Balanced Growth and International Specialization
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accumulation advanced countries agriculture American backward areas balance of payments balanced growth capital accumulation capital formation capital movements cent commodities compulsory saving consumer consumption functions country's creditor direct business investment disguised unemployment dollars domestic market domestic saving economic development economically backward exist expansion expenditure export proceeds factor factors of production farm fiscal flow forced saving foreign capital foreign investment foreign loans funds import restrictions improvement incentive income levels increase increment inducement to invest inflation international investment international trade investment workers J. S. Mill Keynesian Keynesian economics leakage level of productivity low-income countries ment methods monetary money income national income output overhead capital peasant poorer countries population possible problem of capital propensity public finance real capital real income result Say's Law source of capital surplus labour tariff protection taxation tends terms of trade Theory of International transfer underdeveloped countries United