 CommentA chapter in The International Allocation of Economic Activity, 1977, pp 491-495 from Palgrave Macmillan Abstract: Abstract This excellent and substantial paper rests on a broad hypothesis that will be familiar to everyone who knows Chenery’s work. The hypothesis is that modern economic development is an identifiable process of growth and change whose main features are the same in all countries, past and near future. This does not mean that the same events, in the same magnitudes, must happen in the same sequence everywhere. Chenery does not claim that economic development is as pre-programmed as the life-cycle of the salmon. There is room for local variation because of different local conditions; I will list some of those in a moment. But it does mean that newly developing countries can learn from the historical experience of old developed countries (except for one very important circumstance: the new countries must inevitably develop and industrialise, as the old ones did not, in a world that already contains many large developed countries). This has some relevance to the questions raised by Professor Mabogunje. Keywords: Standard Pattern; Resource Endowment; Substantial Paper; Transitional Country; Develop Market Economy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03196-2_44 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-03196-2_44 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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