The Economic Transformation

John W. Mellor
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John W. Mellor: Cornell University

Chapter Chapter 2 in Agricultural Development and Economic Transformation, 2017, pp 17-28 from Palgrave Macmillan

Abstract: Abstract The economic transformation is the overriding feature of economic growth in low- and middle-income countries. The transformation is from a predominantly rural and agricultural nation to one that is predominantly urban with urban industry and services dominating the economy. It is accompanied by a demographic transition. The population growth rate first accelerates then slows and eventually declines. Health and life expectancy improve greatly. The many factors determining these two transformations are discussed.

Date: 2017
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DOI: 10.1007/978-3-319-65259-7_2

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