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The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize for their contribution in comparative studies of prosperity between nations. The book applies insights from institutional economics, development economics, and economic history to understand why nations develop differently, with some succeeding in the accumulation of power and prosperity and others failing, according to a wide range of historical case studies.
References
- 1 2 "Other Canon | Documenting The Other Canon". www.othercanon.org. Archived from the original on 2006-08-16.
- ↑ "Other Canon | Who is The Other Canon?". www.othercanon.org. Archived from the original on 2006-08-16.
- ↑ Canon 11 99.doc The Other Canon - Reconstructing the Theory of Uneven Economic Development
- ↑ "Other Canon | Documenting The Other Canon". www.othercanon.org. Archived from the original on 2006-08-16.
- ↑ Erik Reinert. The Role of the State in Economic Growth
- ↑ Erik Reinert. How Rich Countries Got Rich ... and Why Poor Countries Stay Poor (2007), London: Constable.
- ↑ Reinert, Erik S. Diminishing Returns and Economic Sustainability; The Dilemma of Resource-based Economies under a Free Trade Regime.
- ↑ "Home". anthempress.com.
- ↑ "Home". iss-evec.de.