About this document
Balanced Growth Model - Notes by Aakanksha SaHaran is a document available to read on EtoBox.
The document discusses the concept of Balanced Growth Theory as proposed by various economists, including Friedrich List, Allyn Young, Paul Rosenstein-Rodan, Ragnar Nurkse, and W. Arthur Lewis. It emphasizes the importance of simultaneous investment across different sectors to achieve economic independence and development, particularly in underdeveloped countries. The theory highlights the need for state intervention and planning to overcome challenges such as low demand and poverty traps.
- Author
- Aakanksha SaHaran
- Language
- EN