GEOG 3050 Lecture 8: Week 8
31 Oct 2018
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Document Summary
The urban/rural informal sector would be counted as part of the traditional sector : agrarian sector had workers who were surplus or redundant, these were workers who did not contribute to output. West had spurred economic growth: balanced development - agriculture had to be developed simultaneously with industrialization, but, to improve agriculture without industrialization would ruin farmers, import substitution industrialization. The model: arbitrary choices in method, capitalist and traditional sectors- drew from modernization theory, classical economics, unlimited supplies of labour, india, egypt and jamaica, most parts of. Asia did, but parts of africa did now: first, labour would move from the traditional sector to the capitalist sector, wages in the capitalist sector would need to be be about 30% higher than. Social economic indicators in india: moderate levels of economic growth, but agging social indicators, the state of kerala is an exception.
