Big Push Model

The key to development lies in a big push. (a) Explain the role of coordination problems and externalities in producing development traps where some countries are unable to move from subsistence agriculture to an industrialised economy, (b) Evaluate the proposition that if the economy were open to trade such coordination problems might be resolved, (c) Read more about Big Push Model[…]

What is economic development?

‘What is economic development and how would you measure it? Does an increase in per capita national income always constitute an increase in the standard of living?’ Economic development is hard to define, but is an improvement in the living conditions of the population as a whole. Whilst closely linked with economic growth – high Read more about What is economic development?[…]