About this document
Economic Development Models Explained by Lhowella Aquino is a document available to read on EtoBox.
This document summarizes key concepts from Chapter 4 on contemporary models of development and underdevelopment. It discusses economic agents and their incentives, coordination failures as a cause of underdevelopment, multiple equilibria and graphical approaches, conditions requiring a "big push" development strategy, problems created by complementarities in production like in the O-ring model, and frameworks for diagnosing growth constraints like growth diagnostics. The purpose of development economics is
- Author
- Lhowella Aquino
- Language
- EN