1966
DOI: 10.2307/2229115
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Development Planning. The Essentials of Economic Policy.

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“…In many Global South countries, these comprised local industrialists, state managers and multinational companies (Evans 1979). The implementation of indicative planning (Lewis 1966) as part of an import-substituting industrialization strategy (Hirschmann 1968) was of particular significance. However, both the structuralist Economic Commission for Latin America and dependency school scholars criticized the modernization school's optimistic promises about newly emerging countries catching up.…”
Section: Theoretical Framework For Divergent Growth Modelsmentioning
confidence: 99%
“…In many Global South countries, these comprised local industrialists, state managers and multinational companies (Evans 1979). The implementation of indicative planning (Lewis 1966) as part of an import-substituting industrialization strategy (Hirschmann 1968) was of particular significance. However, both the structuralist Economic Commission for Latin America and dependency school scholars criticized the modernization school's optimistic promises about newly emerging countries catching up.…”
Section: Theoretical Framework For Divergent Growth Modelsmentioning
confidence: 99%
“…According to Lewis (1966), a change in distribution occurs because demand and supply are out of equilibrium; the supply of some resource is either too small or too large. A rising price signals that supply is growing too slowly, but the movement is self reversing.…”
Section: Growth Versus Distributionmentioning
confidence: 99%
“…The easier and more popular is to control the price; the more difficult is to effect an increase in supply. The two conflict because the incentive to increase supply is reduced when the price is not allowed to rise (Lewis: 1966). The planner's contribution is to put major emphasis on increasing the supply of those resources whose scarcity is responsible for the uneven distribution of income.…”
Section: Growth Versus Distributionmentioning
confidence: 99%
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