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

Relationship between financial and physical capital, Question 1: (a) D...

Question 1: (a) Discuss the relationship that exists between financial capital and physical capital. (b) Analyse how a stock-market crash would drive an economy into a

Is the process inherently difficult when people are included, Persuading so...

Persuading someone to buy is a complicated process. Why is it? Is the process inherently difficult, or is it since so many people are included? Persuading is an affecting skill

Economics of Sport, Assume there are two teams in the league: Los Angeles ...

Assume there are two teams in the league: Los Angeles and Sacramento. Because it is a much larger metropolitan area, the revenue generated at any given winning percentage is hi

Natural Monopoly, Assume the firms cost function is: C(Q)= 100+10Q+Q^2 , De...

Assume the firms cost function is: C(Q)= 100+10Q+Q^2 , Determine whether this industry is a natural monopoly when the demand function is: 1) D(P)= 100-3P 2) D(P)= 90-3P 3) D(P)= 10

Capitation, example of an HMO with these types of set rates

example of an HMO with these types of set rates

What are rostowís limitations, What are Rostowís limitations? • Presen...

What are Rostowís limitations? • Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies • LDCs are very same but very dif

Explain about the term underemployment and unemployment rate, Explain about...

Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.

Draw a supply or demand diagram, Draw a Supply or Demand Diagram A) Supp...

Draw a Supply or Demand Diagram A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due  largely to increases in the price of energy and food

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