The Growth of Mature Economies

W. Lewis

Chapter 7 in Economics in the Long View, 1982, pp 105-115 from Palgrave Macmillan

Abstract: Abstract What really constrains the rate of growth of a mature developed economy, defined as one where the proportion of the labour force in agriculture is down to less than 30 per cent? Japan claims to have been growing at ten to eleven per cent, whereas other developed market economies claim no more than five to six per cent, which is itself more than such economies could have claimed at any time before 1950.

Keywords: Foreign Exchange; Political Climate; Foreign Exchange Rate; Mature Economy; Saving Ratio (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-06287-4_7

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