Notes on the Theory of the ‘Big Push’

P. N. Rosenstein-Rodan
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P. N. Rosenstein-Rodan: Massachusetts Institute of Technology

Chapter Chapter 3 in Economic Development for Latin America, 1961, pp 57-81 from Palgrave Macmillan

Abstract: Abstract ‘There is a minimum level of resources that must be devoted to … a development program if it is to have any chance of success. Launching a country into self-sustaining growth is a little like getting an airplane off the ground. There is a critical ground speed which must be passed before the craft can become airborne. …’ l Proceeding ‘bit by bit’ will not add up in its effects to the sum total of the single bits. A minimum quantum of investment is a necessary, though not sufficient, condition of success. This, in a nutshell, is the contention of the theory of the big push.

Keywords: Production Function; International Trade; Balance Growth; Excess Capacity; Underdeveloped Country (search for similar items in EconPapers)
Date: 1961
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DOI: 10.1007/978-1-349-08449-4_3

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