Economic Theory and Under-developed Regions

advanced countries analysis approach assumption backwash effects basis become capital chapter circular causation classical economists colonial cumulative process demand democracy developed countries dynamic economic development economic planning economic theory equalisation equality doctrine equality ideal equality of opportunity expansionary momentum export fact factors factors of production free trade doctrine greater equality groups harmony of interests implies important income increase industrial inherited international economic inequalities international inequalities international trade investment Knut Wicksell labour laissez-faire logical market forces moral national integration national plan natural law Negro non-economic organisations particular philosophies policy interferences political poor poorer countries population poverty price system problems production Ragnar Nurkse realisation reasons reforms regional inequalities relations result richer countries Second World War situation social process spread effects stable equilibrium stagnation tend tendency theoretical theory of international tion tradition under-developed countries under-development and development usually valuations value premises welfare whole