Types of Developing Countries

Purushottam Narayan Mathur
Additional contact information
Purushottam Narayan Mathur: University College of Wales

Chapter 5 in Why Developing Countries Fail to Develop, 1991, pp 77-86 from Palgrave Macmillan

Abstract: Abstract That the developing countries are different not only because of their geographical and socio-political conditions, but also because of their level of economic growth, has been recognised at least from the time of Adam Smith. Marx gave it a central place in his socio-economic schemata of human development; he thought that his stages of tribalism, slavery, feudalism, mercantile capitalism, and industrial capitalism followed each other with something like historical necessity. In modern economic literature, it was Walter Rostow who has again brought this concept of stages of economic growth into economic thinking. His paradigm of ‘take-off’ has become a current coin of economic discussion; his characterisation of economic growth as the five successive stages of traditional society, pre-take-off stage, take-off stage, drive to maturity, and high consumption stage had a ring almost of historical inevitability.

Keywords: Wage Rate; Foreign Exchange; Real Wage; Cheap Labour; Traditional Sector (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-21343-6_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349213436

DOI: 10.1007/978-1-349-21343-6_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().