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Paperback Economic Growth in an Open Developing Economy: The Role of Structure and Demand Book
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ISBN: 1782544844

ISBN13: 9781782544845

Economic Growth in an Open Developing Economy: The Role of Structure and Demand

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This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with 'one-good' models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments...

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Format: Paperback

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