Economic Backwardness and Economic Growth: Studies in the Theory of Economic Development. One of a Series of Books from the Research Program of the Institute of Industrial Relations, University of California

Economic Backwardness and Economic Growth: Studies in the Theory of Economic Development. One of a Series of Books from the Research Program of the Institute of Industrial Relations, University of California

Economic Backwardness and Economic Growth: Studies in the Theory of Economic Development. One of a Series of Books from the Research Program of the Institute of Industrial Relations, University of California

Economic Backwardness and Economic Growth: Studies in the Theory of Economic Development. One of a Series of Books from the Research Program of the Institute of Industrial Relations, University of California

Excerpt

A preface provides a writer with an opportunity to express to the reader the sort of things he might say to a friend about to pick up his manuscript. These may include reflections about the nature of his work, perhaps a capsule summary of the contents, some incidental information of a background nature, and, in an effort to avoid misunderstandings (an effort that is not always successful), some statements about the limits and boundaries of the work. I will begin with the capsule summary.

The first three chapters, introductory in character, outline the nature of the problem, and set forth my modus operandi. The heart of the book, to be found in chapters 4 to 13, may be divided roughly into two parts. In the first of these, the state of economic backwardness is analyzed. The characteristics usually found in densely populated underdeveloped economies are examined, discussed, and, in part, explained. The broad aim here is to show that these characteristics are part of a pattern, that they are of a piece, so to speak, and that they generally help to reinforce each other. The basic notion is that the simultaneous concurrence of these conditions can be best understood in terms of the "quasi-equilibrium" that underlies the state of economic backwardness. The second part deals, in one way or another, with the possible escape from economic backwardness, with the factors that underlie the transition to sustained economic growth when certain limiting conditions are met. The last two chapters are of an applied nature: Statistical and other data are presented in chapter 14 to suggest the relative magnitudes of the main variables involved in the earlier theoretical sections. Chapter . . .

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