Economic development and the employment of resources

Expert InsightsPublished 1960

A paper presented before the Conference on Natural resources and Economic Growth at Ann Arbor, Michigan, April 1-7, 1960. In considering the problems of economic growth that face underdeveloped countries, the author discusses (1) the theory of balanced and unbalanced growth, (2) the neo-classical competitive model of the economy to discover whether it provides a use framework for analyzing the conditions in underdeveloped countries and whether derived norms can be derived for policies that will help to accelerate the growth of these countries, and (3) some empirical evidence on questions concerning the existence of external economies, the effects of technological change, and the relative costs of development of various sectors in the economy.

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Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1960
  • Pages: 1
  • Document Number: P-1904

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Economic development and the employment of resources. Santa Monica, CA: RAND Corporation, 1960. https://www.rand.org/pubs/papers/P1904.html.
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