According to Ragner Nurkse in the contest of an underdeveloped economy, the inducement to invest is limited by -
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1 mark, −0.33Economics of Growth and DevelopmentTheories of developmentThe big push, balanced growth and the vicious circleModerateabout 1 min
UoH 2016 Question 69: Theories of development
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Theories of development has come up 59 times in 6 exams since 2010.
What this question tests
This question is on The big push, balanced growth and the vicious circle, part of Theories of development in Economics of Growth and Development.
Why poor economies may need many investments at once to escape stagnation.
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