Question
Now that you've shared possible reasons why some countries experienced rapid growth and development while others don't,go ahead and read Chapter 3 of our main
Now that you've shared possible reasons why some countries experienced rapid growth and development while others don't,go ahead and read Chapter 3 of our main reference textbook,Economic Development,by Todaro and Smith (12th Edition),Classic Theories of Economic Growth and Development.
Based on your readings and our class lectures,answer the following questions:
- What is the main similarity between Rostow's Stages of Growth and the Harrod-Domar Model?
- What are the main weaknesses ofRostow's Stages of Economic Growth andHarrod-Domar (AK model)
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Macroeconomics Policy And Practice
Authors: Frederic Mishkin
2nd Edition
0133424316, 978-0133424317
