Read e-book online Disparities in Economic Development since the Industrial PDF

By Maurice Levy-Leboyerd, Maurice Levy-Leboyer, Paul Bairoch

ISBN-10: 1349047074

ISBN-13: 9781349047079

ISBN-10: 1349047090

ISBN-13: 9781349047093

ISBN-10: 6543205040

ISBN-13: 9786543205041

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Extra resources for Disparities in Economic Development since the Industrial Revolution

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These modifications have arisen because a number of assump· tions on which the concept of underdevelopment was based were either no longer valid or needed to be modified. For example, the concept of per capita income on which the whole measurement of underdevelopment was based has been proved to be of limited value in the assessment of the general economic progress of a nation. One could not agree more with the view that: The arbitrary nature of the current distinction between developed and underdeveloped countries on the basis of the per capita incomes is compounded by the fact that per capita income is in itself a seriously inadequate index of development: 1 It is clear that the more industrialised, monetised and educated (in the modern sense) a country is, the easier it is for that country to compute a fairly accurate estimate of its national income and hence of the per capita income.

A good minister of economics capable of implementing a good policy is certainly a rare historical accident. This leads us to another rare historical accident: the industrial revolution. It has been a very strong and unique factor in growth and well-being as well as a unique contributor to economic inequalities at international and regional levels. 1, January-February 1979, pp. 145-171. , 'Estimations du revenu national dans les societes occidentales preindustrielles et au XIXe sil~cle', Revue Economique, vol.

It cannot be quantified and by its very nature cannot be predicted. It appears, therefore, that continued growth rests on the collective goodwill of the majority of the people to give the system of government the chance to operate. In an attempt to maintain a socio-political equilibrium in Nigeria a number of non-quantifiable factors have been either deliberately or inadvertently introduced into the development plans, which in the end have affected the plan implementation and fulfilment. If one starts with the Second National Development Plan, 1970-74, a set of objectives were deliberately enumerated as follows: 14 Constraints to Economic Development in Africa (i) (ii) (iii) (iv) (v) 41 a united, strong and self-reliant nation; a great and dynamic economy; a just and egalitarian society; a land of bright and full opportunities for all citizens; and a free and democratic society.

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Disparities in Economic Development since the Industrial Revolution by Maurice Levy-Leboyerd, Maurice Levy-Leboyer, Paul Bairoch

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