Development in Historical Context

Keith Griffin
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Keith Griffin: Economics University of California

Chapter Chapter 1 in Alternative Strategies for Economic Development, 1999, pp 1-23 from Palgrave Macmillan

Abstract: Abstract It was once said by Sir William Arthur Lewis that the development of Third Worldcountries “does not in the long run depend upon the existence of the developed countries, and their potential for growth would be unaffected even if all the developed countries were to sink under the sea”1. The developing countries have everything they need for growth. The potential is there. It is only necessary to exploit it. Lewis, it should be added, did not recommend that the developed countries should sink under the sea; he simply made the important point that the poor countries need not be dependent on the rich; they have the capacity for autonomous growth

Keywords: Capita Income; Poor Country; Gini Coefficient; Average Income; Rich Country (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59991-8_1

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DOI: 10.1057/9780230599918_1

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