EC207 Lecture Notes - Lecture 3: Unequal Exchange, Marshall Plan, Structural Change
Document Summary
Chapter 3 classic theories of economic growth and development. Developing countries - export: primary products extracted sectors: agriculture, mining, forestry, and fishing. Tot = price of export / price of import lomoar cpsd| 5490467. A typical developing nation must undergo a structural change if it wants to succeed in generating and sustaining economic growth: international dependence revolution theories. Emphasize the beneficial role of markets, open economies and the privatization of inefficient public enterprises: the linear stages of growth theories, the harrod-domar model, rostow"s stages of growth model 2. The structural-change theories: the lewis model (two-sector surplus labor model, the chenery model (patterns of development analysis) 3. The international dependence revolution theories: neocolonial dependence model o the false paradigm models, the dualistic development thesis, the neoclassical free market counterrevolution theories (challenging the statist model) o. Free market approach: public choice approach, market-friendly approach, the solow model and the endogenous growth models.
