HUMA 1920 Lecture Notes - Lecture 3: Labour Power, Structural Change, General Agreement On Tariffs And Trade
17 Jul 2016
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Document Summary
Last time we were together, we discussed the topic of development and 3 ways we may think of development. Before we turn to today"s lecture why is the third world underdeveloped, we first finish up last week"s lecture. We were discussing some of the issues raised by the second way of thinking. History has helped us understand how growth spreads within economies: agricultural sector plays a key role in economic growth. Provides a marketable surplus: market for consumer goods. Agricultural sector declines in relation to manufacturing and service sectors. This process of structural change is closely identified with economic growth. As incomes increase, the portion of your income that you spend on food declines, resources shift from agriculture to. And many argue that in fact industrialization is not only not necessary but also problematic (making the problem worse) (c) modernization is problematic social, political, cultural and economic changes) But we still don"t have an indigenous model of development.
