no place in our plans. What we must envisage is a program of development based on
the concepts of democratic far dealing. (Inaugural address, January 20th, 1949).
Economists advice on how to achieve these objectives had three main prongs5:
- that industrialisation was an essential element in the process of catching-up developed
countries;
- that surplus labour in agriculture provided a major potential resource;
- and that government intervention of various kinds was needed to tap this potential and
promote industrialisation, including, support for investment and protection against industrial
imports.
5 The Lewis model of development incorporated two of these key ideas - the latent
potential of surplus labour and the key role of industrialisation in development.
17
More intriguing information
1. The name is absent2. Orientation discrimination in WS 2
3. Does adult education at upper secondary level influence annual wage earnings?
4. The name is absent
5. Firm Creation, Firm Evolution and Clusters in Chile’s Dynamic Wine Sector: Evidence from the Colchagua and Casablanca Regions
6. Mean Variance Optimization of Non-Linear Systems and Worst-case Analysis
7. Towards a Strategy for Improving Agricultural Inputs Markets in Africa
8. The name is absent
9. Uncertain Productivity Growth and the Choice between FDI and Export
10. The Prohibition of the Proposed Springer-ProSiebenSat.1-Merger: How much Economics in German Merger Control?