The Breakthrough

Amlan Datta

Chapter Chapter II in Perspectives of Economic Development, 1973, pp 15-25 from Palgrave Macmillan

Abstract: Abstract We have seen how the different characteristics of economic backwardness are interrelated and mutually support one another. This gives rise to the self-perpetuating character of economic backwardness. No special explanation is necessary regarding why poverty and stagnation have continued to hold sway over a long period in many countries. It is growth which must be treated as a special phenomenon. Some countries haN e achieved a breakthrough from the vicious circle of poverty. Given the nature of economic backwardness, how did these countries overcome stagnation and embark on a course of sustained development?

Keywords: Economic Stagnation; Capitalist Enterprise; Roman Empire; Scientific Outlook; Economic Backwardness (search for similar items in EconPapers)
Date: 1973
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DOI: 10.1007/978-1-349-01956-4_2

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