December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Growth and development
KEY THINKERS
Paul Rosenstein-Rodan (1902–85)
Walt Rostow (1916–2003)
BEFORE
1837 German economist Friedrich List argues the use of import protection to help establish domestic industry.
AFTER
1953 Estonian economist Ragnar Nurkse proposes the policy of balanced growth for developing countries.
1957 Austrian-Hungarian economist Peter Bauer criticizes the idea of the big push and the orthodoxy of state planning.
One of the central questions for economists is “how did poor nations become rich?” After World War II this question reemerged with new force. The crumbling of colonial empires had spawned young, independent nations ...
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