Trade & Productivity Growth: Exploring the Indian Manufacturing Sector

Viac o knihe

Exploring the crucial relationship between economic development and international trade, this book delves into the insights of economists like Rosentein-Rodan and Nurkse, who advocated for the Big Push theory. They argued that insufficient demand hampers industrialization, creating a cycle of low income and minimal growth. By emphasizing export promotion as a solution, the authors contend that increasing market demand is essential for achieving self-sustaining economic growth and overcoming the barriers to industrialization.