Take the Lewis model and discuss what the effect of a declining trend in the terms of
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Take the Lewis model and discuss what the effect of a declining trend in the terms of trade would be for the modern sector in a developing country on the country's growth path and on the rural to urban migration.
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The Lewis model developed by economist W Arthur Lewis is a widely used framework for understanding economic development in developing countries It emphasizes the transition from a traditional agricult...View the full answer
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