What are the assumptions of unbalanced growth development, Ask an Expert

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What are the assumptions of unbalanced growth?

Development cannot be initiated through one industry. Government recognize strategically significant areas to planned economy or subsidise as market economy some important industries along with backward and forward linkages.

Specified a decision to go for unbalanced growth the issue stay puts: what industries to develop? This is better to go for industries wherein the country has a comparative advantage. Clothing and textiles are the biggest manufacturing export for developing countries (DCs). They are labour intensive.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580093

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