Economic Growth in Theory and Practice
The book describes the practical process of economic growth both in developed and less developed countries, and presents a unified theory of growth from the earliest stages to the most advanced. Central to the theory is the structural transformation which
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ECONOMIC GROWTH IN THEORY AND PRACTICE
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
Also by R.M. Sundrum
Copyright material from www.palgraveconnect.com - licensed to McGill University - PalgraveConnect - 2012-12-26
DEVELOPMENT ECONOMICS LABOUR ABSORPTION IN AGRICULTURE (with Anne Booth) GROWTH AND INCOME DISTRIBUTION IN INDIA INCOME DISTRIBUTION IN LESS DEVELOPED COUNTRIES
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
R.M. Sundrum
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
Copyright material from www.palgraveconnect.com - licensed to McGill University - PalgraveConnect - 2012-12-26
Economic Growth in Theory and Practice
All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of" this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WIP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 1990 by THE MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world ISBN O-333-52O35-1 A catalogue record for this book is available from the British Library. Transferred to digital printing 1999 Printed in Great Britain by Antony Rowe Ltd, Chippenham, Wiltshire
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
Copyright material from www.palgraveconnect.com - licensed to McGill University - PalgraveConnect - 2012-12-26
© R. M. Sundrum 1990
Copyright material from www.palgraveconnect.com - licensed to McGill University - PalgraveConnect - 2012-12-26
To Soundra
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
10.1057/9780230376816 - Economic Growth in Theory and Practice, R.M. Sundrum
Copyright material from www.palgraveconnect.com - licensed to McGill University - PalgraveConnect - 2012-12-26
Contents PART I GROWTH AND STRUCTURAL TRANSFORMATION 1 Introduction 1.1 Objectives of a Theory of Growth 1.2 History of Thought on Growth Theory 1.3 The Argument in Brief
3 3 5 7
2 Economic Growth in Historical Perspective 2.1 The Logistic Pattern 2.2 Episodes of Economic Growth
15 15 18
3 The Structural Determinants of Growth 3.1 Structural Transformation During Growth 3.2 A Model of Growth and Structural Transformation 3.3 Further Issues
27 27 35 49
PART II SUPPLY FACTORS: THE CLASSICAL DETERMINANTS 4 Theories of Growth 4.1 Introduction 4.2 The Magnificent Dynamics of Ricardo 4.3 The Neo-classical Theory of Growth 4.4 The Dualistic Growth Model of Lewis 4.5 The Mechanisation Process of Butt
53 53 54 60 69 72
5 Growth in the Agricultural Sector 5.1 Patterns of A
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