COMPARATIVE ADVANTAGE AND DEVELOPMENT POLICY
Abstract
THE ANALYSIS OF RESOURCE ALLOCATION IN LESS DEVELOPED ECONOMIES IS DISCUSSED FROM THREE POINTS OF VIEW: (1) THE EXTENT TO WHICH THE ALLOCATION PRINCIPLES DERIVED FROM TRADE THEORY AND FROM GROWTH THEORY CAN BE RECONCILED WITH EACH OTHER WITHOUT LOSING THEIR OPERATIONAL SIGNIFICANCE, (2) THE COMPARISON OF VARIOUS APPROACHES TO THE MEASUREMENT OF OPTIMAL RESOURCE ALLOCATION IN TERMS OF THEIR LOGICAL CONSISTENCY AND THEIR APPLICABILITY TO DIFFERENT CONDITIONS, AND (3) THE EXAMINATION OF THE PRACTICAL PROCEDURES FOLLOWED IN SETTING INVESTMENT POLICY IN UNDERDEVELOPED COUNTRIES IN THE LIGHT OF THE EARLIER DISCUSSION. SOME OF THE THEORETICAL ISSUES ARE RE-EXAMINED TO INDICATE THEIR PRACTICAL IMPORTANCE
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 23, 1960
- Accession Number
- AD0250153
Entities
People
- Hollis B. Chenery
Organizations
- Yale University