tailieunhanh - Lecture Development economics - Lecture 18: Lewis model of unlimited supply of labor

Lecture Development economics - Lecture 18: Lewis model of unlimited supply of labor. Rural-Urban Migration Model is the model of dual economy which states that: "Economies have a backward agricultural sector and have an advanced industrial sector. The backward sector has big amount of disguised unemployment, which by transferring to advanced sector can be utilized and process of capital formation can be started". |