Louisianan’s Doctrine of Planned Unbalanced Growth
Professor Albert Sir human in his book Strategy of Economic Development aeries singer’s idea further and contend deliberate unbalancing of economy in accordant e it a predetermined strategy is the be t way to achieve economic growth. Like Singer, he argue that balanced growth theory requires chug amount of re .muscly those abilities which have been identified to be very limited ill supply ll the under-developed countries. He characteristics the balanced grew doctrine as the application to under development of a therapy originally devised for an under employment situation In an advanced country during precede ion industries machines managers and cars as well as the consumption habits arc all pr cent hilt in under developer countries this not so As an under developed country is i Pablo of financing and managing simultaneous a balanced investment package in industry ans the CDC investment in agriculture in order to go lift an under developed country .from a tuition of stagnation Scotchman prescribe if up h in strategically selected industrious e t r of the economy. After all he points it the ind trivialized countries did not get to where they arc no through balanced growth True if you compare the my of the United States in 1950 with the situation you will find that many things have grown but not everything grew at the same rate throughout the war Ir century. Development has proceeded with grew h being Connecticut from the leading sectors if the economy to the followers. Rom one industry to another; from Oilcan to another. According to Professor Irishman, the real scarcity in under developed countries is not the resources themselves hut the ability to ring them info He divides the initial investment into two related activities directly productive activities, and social overhead capital. An under-developed country may follow the method of balanced
