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Beyond Rosenstein-Rodan: the modern theory of underdevelopment traps (English)

Abstract

The theme of this article is the importance, and the many causes, of low-level equilibrium "traps." Rosenstein-Rodan pointed out that spillovers may cause the return to an activity to increase with the number of others who undertake that activity. If ... See More +

Details

  • Hoff, Karla;
  • 2000/04/10
  • Working Paper
  • 28725
  • 1
  • World
  • The World Region
  • 2010/07/01
  • Beyond Rosenstein-Rodan: the modern theory of underdevelopment traps
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